Bernanke: Cutting Interest Rate on Reserves to Zero Would Provide Little Stimulus
Cutting to zero the interest rate the Federal Reserve pays banks to park excess reserves on its books wouldn't add much stimulus to the economy, Chairman Ben Bernanke said Tuesday. Cutting this rate is “something we've considered, and continue to …
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Bernanke: Fix fiscal woes for economy's sake
Bernanke's comments come as congressional leaders of both parties and the White House have begun meeting in earnest to discuss ways to avoid automatic spending cuts and expiring tax rates set for the new year, while crafting the framework for a broader …
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US STOCKS-Bernanke's 'cliff' comments break two-day rally
Bernanke: Fed lacks tools to offset "fiscal cliff". * Hewlett-Packard shares hit 10-year low after charge. * Dow off 0.1 pct, S&P 500 up 0.1 pct, Nasdaq up 0.02 pct. By Angela Moon. NEW YORK, Nov 20 (Reuters) – Wall Street halted its two-day rally on …
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