From the WSJ:
WASHINGTON—Federal Reserve Chairman Ben Bernanke Wednesday said the U.S. economy still needs record-low interest rates for several months at least because the recovery from its deep recession is expected to be slow.
In his semiannual monetary policy testimony to the House Financial Services Committee, the Fed chief said the U.S. central bank is actively looking at what tools to use once the economy will need higher rates.
Over the next couple of years, Mr. Bernanke said, the jobs market is expected to remain weak and inflation subdued.
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