Yo Ben -How much lower than zero interest can we go ?
The Federal Reserve stands ready to take further actions if the U.S. economy slows significantly or falls back into recession, Fed Chairman Ben Bernanke told Congress on Wednesday. Bernanke did not elaborate on what further steps the Fed might take. The outlook is “unusually uncertain,” he said, adding that he expects moderate economic growth and low inflation. He said it would take some time before lost jobs would be regained.
Bernanke: Fed ready to take more actions if needed
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