Monetary Policy

Bernanke Defends Fed's Low-Interest-Rate Policies

Facing criticism from Republican lawmakers, Chairman Ben Bernanke stood behind the Federal Reserve's low-interest-rate policies Wednesday and sought to reassure Congress that the central bank has a handle on the risks. Bond purchases are needed to help boost a still-weak economy, Bernanke said.

Bernanke Signals Continued Fed Support for Low Interest Rates

The Federal Reserve's low interest-rate policies are giving key support to an economy still burdened by high unemployment, Chairman Ben Bernanke told Congress on Tuesday. Bernanke signaled that the Fed's efforts to keep borrowing costs low -- buying treasuries and mortgage bonds -- will continue.

Fed Open to Linking Rate Hike to Economic Gauge

The Federal Reserve wants to find a clearer way to signal to the public when it might start raising interest rates. The Fed plans to keep short-term rates low for at least another three years, but it appears to be leaning toward setting a more specific target.