Federal Reserve Chairman Ben Bernanke reiterated Wednesday that the Fed is nowhere close to raising interest rates, assuring markets that the US easy money tap would not soon dry up.
With the economy still facing risks, especially from government spending cuts, Bernanke told a Congressional panel that the Fed was still planning to trim its quantitative easing stimulus, if growth continues at a steady pace.
via Business feed http://www.scmp.com/business/money/markets-investing/article/1285154/bernanke-fed-will-not-raise-rates-forseeable-future
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