Bernanke Says ‘Extended Period’ Means at Least 2 or 3 Meetings
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Federal Reserve Chairman Ben S. Bernanke said the “extended period” of very low interest rates means at least two to three central bank policy meetings and could be “significantly longer.”
“The thrust of ‘extended period’ is that we believe we’re at least two or three meetings away from taking any further action, and I emphasize ‘at least,’” Bernanke said today at a press conference in Washington.