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Fed Official Hints At Longer Period For Low Interest Rates

Monday, February 11, 2013 - 4:00 PM
From AP via CBS MoneyWatch
Federal Reserve Vice Chairman Janet Yellen says the central bank may keep its key short-term interest rate at a record low even after unemployment falls close to a more normal level.

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CR has more on Fed Vice Chair Janet Yellen's speech.

She's likely high on Obama's list to replace Bernanke if he chooses to step down as Fed Chairman in January 2014
3
Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
Rep Points: 125,633
1. Monday, February 11, 2013 - 5:16 PM
I'm sticking with my prediction of ZIRP through 2019, at least.
3
ShorebreakShorebreak2,675 posts since
Apr 6, 2010
Rep Points: 14,524
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