Pimco’s Crescenzi Says Fed May Explain Low-Rate Pledge

U.S. Federal Reserve Chairman Ben S. Bernanke may explain the central bank’s low interest-rate pledge this week, Tony Crescenzi, executive vice president and strategist at Pacific Investment Management Co., said in a Bloomberg Television interview.

To contact the reporter on this story: Wes Goodman in Singapore at wgoodman@bloomberg.net

To contact the editor responsible for this story: Jonathan Annells at jannells@bloomberg.net

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