×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: Bernanke | Fed | stimulus | testimony

Bernanke: Fed Stimulus Tied to Economy's Health

Bernanke: Fed Stimulus Tied to Economy's Health

Thursday, 18 July 2013 12:50 PM

Ben Bernanke says the Federal Reserve's efforts to boost the U.S. economy remain tied to the job market's health and inflation, delivering what could be his final semiannual economic report to Congress.

The Fed chairman appeared before the Senate Banking Committee, repeating the message he gave Wednesday to the House Financial Services Committee.

Bernanke said in prepared remarks that there is no "preset course" for the Fed's $85 billion-a-month bond-buying program: Any change will depend on the economy's performance. He also said the Fed could hold its benchmark short-term interest rate near zero even after unemployment falls below 6.5 percent, particularly if the decline is caused by people leaving the workforce.

The Fed's low interest rate policies have spurred a stock market rally and encouraged more borrowing and spending.

© Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


FinanceNews
Ben Bernanke says the Federal Reserve's efforts to boost the U.S. economy remain tied to the job market's health and inflation, delivering what could be his final semiannual economic report to Congress.
Bernanke,Fed,stimulus,testimony
129
2013-50-18
Thursday, 18 July 2013 12:50 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved