Valve Magazine

Wed04162014

Last updateWed, 16 Apr 2014 1pm

Back You are here: Home Web Only Industry Headlines Manufacturing & The Economy Bernanke Foresees No Rise in Interest Rates Soon

Web Only

Bernanke Foresees No Rise in Interest Rates Soon

Moving to defuse concerns that an interest rate rise could be just a few months away, Federal Reserve Chairman Ben Bernanke told Congress Wednesday he expects rates to stay "exceptionally low" for an "extended period."

In his semiannual report to the House Financial Services Committee, Bernanke cited high unemployment, "subdued inflation trends and stable inflation expectations" as reasons for keeping its fed funds rate near zero.

Source: USA Today

View Full Article

Sponsored Products

 

Valve Magazine Digital Edition

14 wnt cover 160x214Inside the Winter 2014 issue…

• Compression Packing Friction
• Wireless Technology
• Purchasing Standards
• New EPA Concerns

CLICK HERE TO REQUEST YOUR
DIGITAL EDITION PREVIEW EMAIL