US interest rates to ‘remain low’ » financialsurfer.com

US interest rates to ‘remain low’

July 21st, 2009 | Category: Economy
US interest rates are likely to remain “exceptionally low” for some time, chairman of the US Federal Reserve, Ben Bernanke has said. Testifying before the House Financial Committee in his twice-yearly report on monetary policy, he defended the Fed’s policies in fighting the recession. He said low interest rates and a stimulus plan had buoyed the economy. He sought to reassure markets that government intervention could be withdrawn in a “smooth and timely” way. ‘Persuaded’ Economic conditions…

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