Seeing perils yet to come, Fed aims to keep rates low

While many voice concerns over inflation, Bernanke says it’s likely to fall, not rise

By Louis Uchitelle / The Bulletin
July 22, 2009

The economy is finally on the mend, but enough potholes lie ahead that the Federal Reserve needs to keep interest rates close to zero, at least until unemployment begins to come down, the Fed’s chairman, Ben Bernanke, told Congress on Tuesday.

“On net, the past few months....

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