Wednesday, July 18, 2007

Bernanke Prepares Ground for Longest Interest-Rate Freeze in Two Decades

(Bloomberg) -- Federal Reserve Chairman Ben S.
Bernanke is preparing the ground for the longest freeze in
interest rates in two decades.

Bernanke, delivering his semiannual economic testimony to
Congress yesterday, presented trimmed forecasts for growth this
year and next because of the prolonged housing recession. At the
same time, he said the ``predominant'' concern is that inflation
won't recede as forecast.


Read more at Bloomberg Bonds News

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