Economy Needs Near-Zero Rates for Extended Period, Says Bernanke
March 25, 2010 at 13:07 PM EDT
Fed Chairman Ben Bernanke said Thursday that record-low interest rates are still needed to support the U.S. economy and that the Fed will be ready to tighten credit “at the appropriate time.” “The economy continues to require the support of accommodative monetary policies,” Mr. Bernanke said in testimony to the House Financial Services Committee. [...]