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Bernanke: Record-low rates still needed [Reuters]

Wednesday, February 24, 2010 - 3:48 PM
Reuters reports on Bernanke's testimony today in front of the House Financial Services Committee:
Federal Reserve Chairman Ben Bernanke told Congress on Wednesday that record-low interest rates are still needed to ensure that the economic recovery will last and to help ease the sting of high unemployment.
The CalculatedRisk Blog has shown how past federal funds rate hikes only occurred after several months of declining unemployment. It sure seems that the Fed intends to hold to this policy.
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Ken TuminKen Tumin5,469 posts since
Nov 29, 2009
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