Good news for interest rates from WSJ.com:
Federal Reserve Chairman Ben Bernanke said the U.S. economy still needs record-low interest rates for at least several months because the recovery from a deep recession is expected to be slow. The jobs market is expected to remain weak and inflation subdued over the next couple of years, Bernanke said in his semiannual monetary policy testimony to Congress.
The Fed chief said the U.S. central bank is actively looking at what tools to use once the economy will need higher rates.
http://online.wsj.com/article/SB10001424052748704240004575085262786298500.html?mod=djemalertNEWS
Advertisement
