mortgages: Fed expected to keep US interest rates low - 12/14/09 02:00 PM
By Chris Flood
Published: December 14 2009 02:00 | Last updated: December 14 2009 02:00
The Federal Reserve is expected on Wednesday to maintain its pledge to keep US interest rates close to zero for "an extended period" after Ben Bernanke warned that US economic recovery still faced "formidable headwinds", such as tight credit conditions and rising unemployment.
Mr Bernanke's re-appointment as chairman of the Federal Reserve by the Senate banking committee is expected on Thursday. Investors, meanwhile, are increasingly wondering when he will signal any changes to the exceptionally loose US monetary policies and liquidity conditions that have propelled asset … (0 comments)

David Van Noy, Jr. (ReeceNichols Realtors)

David Van Noy, Jr.

Leawood, KS

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