Bernanke sticks with low-rate policy at Fed hearing

 

Published: February 8, 2012

Financial update

Bernanke holds firm on Fed plans

WASHINGTON — Ben Bernanke on Tuesday reiterated the Federal Reserve 's plan to hold interest rates near record lows until at least late 2014.

The Fed chairman stuck with the three-year time line at a Senate Budget Committee hearing, even after the government last week reported a surge in January hiring that drove the unemployment rate to...


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