Record-low interest rates still necessary
Federal Reserve Chairman Ben Bernanke Thursday said record-low interest rates are still needed to support the U.S. economy, but the central bank has to be ready to tighten credit to prevent inflation.
At a hearing before the House Financial Services Committee, Bernanke outlined steps the Fed may take to unwind the massive stimulus that was pumped to combat the recession. He appeared to be more open to the idea of asset sales than he was a month ago.