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Testifying before congress today that chairman Ben Bernanke said he -- keep rates low.
At least until the end of this year.
With unemployment still high and declining only gradually and with inflation running below the committee's longer an objective.
A highly accommodative monetary policy will remain appropriate for the foreseeable future.
But not everyone is on board with this approach.
We've seen volatility in the last month and a half and the in the marketplace.
There not been structurally they're fundamental changes in the fundamentals the only variable has been the Fed's comments in the Fed's activities.
Although he's monitoring it it would still -- that the volatility that we see in the markets and equity markets etc.
are not because -- fundamentals it's specifically as always just because the Fed's actions for their comments.
Central Bank has been purchasing long dated US treasuries in keeping interest rates near zero with the hopes of spurring growth -- raising employment.
On Wall Street the markets have been -- Rule it's the same all the disabled it is what's what's this market up for very long time now and in this is no surprise.
But others with an ear to the markets don't think Bernanke is as powerful as Wall Street may think.
-- -- short term moves based on what he says but the reason stock -- -- -- -- because corporate earnings are coming in fairly well.
No word yet on exactly when the Fed Chairman -- and -- pulling back the reins on printing money.
For more -- on the foxbusiness.com.
In New York I'm Joseph link hands.
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