Bernanke to Speak in Phoenix
Associated Press
Published: March 20, 2009
Published: March 20, 2009
(AP) - Fresh off this week’s two-day policy-setting session, Federal Reserve Chairman Ben Bernanke is speaking today in Phoenix. He’s to address the financial crisis and community banking at the Independent Community Bankers of America’s National Convention.
Wednesday, the Fed capped its meeting with a decision to keep interest rates at a historic low. It also announced a bold $1.2 trillion effort to lower interest rates and revive the economy, while boosting purchases of mortgage-backed securities and debt. The Fed also will start buying government debt.
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