Monday, November 25, 2013

Central bank contemplates pulling back on its $85 billion-a-month bond-buying program to keep rates low.

Federal Reserve Chairman Ben Bernanke said Tuesday that short-term interest rates may stay near zero "well after" the jobless rate falls below 6.5%, the latest effort by the central bank to assure markets that rates will remain low even as it contemplates pulling back on its $85 billion-a-month bond...

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