Thursday, January 26, 2012

Ben Bernanke Press Conference - 25 Jan 2012

Federal Reserve Chair Ben Bernanke Press Conference . The Fed expects modest pace of economic growth in coming quarters, says Fed Chairman Ben Bernanke. The housing sector is still depressed, "as indicated in the statement released earlier this afternoon to support a stronger economic recovery and to help ensure that inflation over time is at levels consistent with our statutory mandate, the committee expects to maintain a highly accommodative stance for monetary policy. in particular, the committee decided to keep the target range for the federal funds rate at zero to .25% and currently anticipates that economic conditions are likely to warrant exceptionally low levels for the federal fund's rate at least until late 2014" says Ben Bernanke


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