26Jul

US Rates Will Stay Low

Posted by admin as Business

Federal Reserve Chairman Ben Bernanke said that US’’s ailing economy is changing but remain fragile for a long time.
The Fed chief announced the central bank has been carefully reviewed to identify the scope, its massive economic stimulus, if the conditions allow.
In testimony to Congress about the America’s economy, Bernanke has warned that the unemployment in 2011 is expected to remain high, and he warned that it could be SAP fragile consumer confidence and potentially a recovery.
The central bank has collected emphasized borrowing costs to zero and Newar pumped more than $ 1 trillion into the financial markets, the impact of the economic collapse.
Economists said the central bankers of the Commission on the fragility of the economic recovery reinforced their view that the Fed is not an increase in borrowing costs to 2011.11.

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