Inflation, Job Market | featured news

Low prices, weak hiring raise odds of Fed action

The U.S. job market is flagging, and consumer prices are barely rising. The picture sketched by data released Thursday has made some economists predict the Federal Reserve will announce some new step next week to boost the economy.

 

Bernanke says rates to stay low for long time

Bernanke says rates to stay low for long time

Federal Reserve Chairman Ben Bernanke told Congress on Wednesday that a weak job market and low inflation would likely allow the central bank to keep interest rates at very low levels for a long time.

 

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