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Sun Mar 3, 2013, 05:36 AM

Bernanke defends Fed's low-interest-rate policies

WASHINGTON (AP) Chairman Ben Bernanke is standing by the Federal Reserve's low-interest-rate policies, cautioning that any move to raise rates prematurely could derail a still-modest economic recovery.

Bernanke also sought to calm fears that super-low rates risk igniting inflation or rattling investors, during a speech late Friday in San Francisco to an economic conference sponsored by the San Francisco Federal Reserve Bank.

The central bank's low-rate policies are intended to encourage borrowing and spending to boost the economy. Higher rates would make borrowing more expensive.

Bernanke said the Fed's policies mirror what other central banks around the world are doing.

More at http://hosted2.ap.org/NMSAN/81cd4a0d30d142e589a37e5adb2ec62c/Article_2013-03-02-Bernanke/id-a9365c8eb55046bc8395450913cf8138 .

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Reply Bernanke defends Fed's low-interest-rate policies (Original post)
TexasTowelie Mar 2013 OP
madville Mar 2013 #1

Response to TexasTowelie (Original post)

Sun Mar 3, 2013, 06:01 AM

1. Might as well take advantage of it

I'm going to buy a house this summer, everyone at work has been getting around 3% the last year.

My auto loan is 1.9% and that was financing a used vehicle, it's almost free to borrow the money, I'm paying a few hundred bucks in interest over a few years.

Get it while the getting is good, I remember my first house was 8% and my first vehicle was 11% and I had decent credit.

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