GAAR.com » News » Fed: Interest Rates to Remain Low
Fed: Interest Rates to Remain Low
Posted on Feb 25th, 2010
Investors breathed a sigh of relief Wednesday when Federal Reserve Chair Ben Bernanke told Congress that interest rates are likely to remain low for an extended period. The economy, he said, "still requires support for recovery."
Investors see these low rates as a boon to a recovery of employment and business.
Bernankeās announcement also took the edge off the news Wednesday that housing sales hit a new low in January.
"Even though nothing he said was particularly new, it was just enough to calm the ruffled feathers that were out there," said Jim McDonald, chief investment strategist at Northern Trust in Chicago.
I love the green revolution! Rebates on everything…
in entry '5 things to know about energy rebates'.
View All REALTOR® Comments


Comments (0)
There are no comments for this entry.
Leave a Comment