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CREJ News

Mar. 2, 2010

Bernanke: Record-Low Rates Still Needed

By JEANNINE AVERSA AP Economics Writer WASHINGTON - Federal Reserve Chairman Ben Bernanke told Congress on Wednesday that record-low interest rates are still needed to ensure that the economic recovery will last and to help ease the sting of high unemployment.

By JEANNINE AVERSA

AP Economics Writer

WASHINGTON - Federal Reserve Chairman Ben Bernanke told Congress on Wednesday that record-low interest rates are still needed to ensure that the economic recovery will last and to help ease the sting of high unemployment.

In his twice-a-year report to the House Financial Services Committee, Bernanke struck a confident tone that the recovery should endure. But he also sought to tamp dow...

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