President Obama Tuesday re-appointed Federal Reserve Chairman Ben Bernanke, who supports keeping federal low-interest rates (the lowest ever at zero to .25 percent) available despite a dismal economy.
While some worry that the continued low rates will devastate the U.S. dollar or send economy speculation spinning, Bernanke is confident that the move is implemental to keeping the economy from suffering a “double-dip” recession and will not lead to inflation.
The rates are expected to remain through January.
Source:
BusinessWeek: The Fed: Low Rates As Far As Bernanke Can See
