Bernanke Promises Low Rates

Federal Reserve Chair Ben Bernanke said Monday that he could make no guarantees that the current economic recovery will last, but he promised to keep interest rates at low levels for “an extended period.”

Central bank officials will discuss monetary policy when they meet Dec. 15-16.

Bernanke, who was speaking to the Economic Club of Washington, D.C., is seeking a second term. He provided a light-hearted answer to the question, “What do you like best about being Fed chief?”

“I get to go through the security lines at the airport much more quickly, and I can take along even three ounces of fluid if I want to,” Bernanke told a laughing audience.

Source: Associated Press, Jeannine Aversa (12/07/2009)

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