Russian International Reserves Fall $15.7 Billion in Week to Dec. 19

Fed Chairman Bernanke to Appear on ‘60 Minutes’ Program Dec. 5

Federal Reserve Chairman Ben S. Bernanke is scheduled to appear on CBS Television Network’s “60 Minutes” news show this Sunday, December 5.

The Fed chairman will discuss “pressing economic issues” such as U.S. unemployment, the federal deficit, and the central bank’s decision last month to purchase an additional $600 billion in U.S. Treasury bonds, according to the news show’s website.

Republican leaders criticized the second round of so-called quantitative easing last month, where the Fed attempts to provide additional monetary stimulus by purchasing Treasury debt. The Fed’s benchmark lending rate has been in a range of zero to 0.25 percent since December 2008.

Bernanke also appeared on “60 Minutes” in March 2009.

To contact the reporters on this story: Craig Torres in Washington at;

To contact the editor responsible for this story: Christopher Wellisz at

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