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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
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.
ShorebreakShorebreak2,675 posts since
Apr 6, 2010
Rep Points: 14,524