Fed’s Bernanke to Assure Congress Higher Rates Not Imminent
Fed’s Bernanke to Assure Congress Higher Rates Not Imminent
Feb. 20 (Bloomberg) — Federal Reserve Chairman Ben S. Bernanke will probably assure Congress that the central bank is mindful of the lack of job growth in the U.S. and an increase in the benchmark interest rate isn’t imminent after the Fed’s decision to raise the cost of direct loans to banks.
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