Central Banking

Bernanke: Fed could cut rates to zero

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In his speech to a University audience on Wednesday 23 July Ben Bernanke declared that the Federal Reserve was ready to keep short-term interest rates low indefinitely - even cutting them to zero - to jumpstart the economy and ward off deflation.

Click here to read Ben Bernanke's speech - An Unwelcome Fall in Inflation?

Source: Reuters

Federal Reserve Governor Ben Bernanke said Wednesday the U.S. central bank would be prepared to cut interest rates all the way to zero if necessary to prevent a fall

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