From Bloomberg: Bernanke Signals ‘Extended’ Low-Rate Period May Become Longer

Looks like its still a long drag to recovery...

==========================================================

Bernanke Signals ‘Extended’ Low-Rate Period May Become Longer

Share Business ExchangeTwitterFacebook| Email | Print | A A A

By Scott Lanman

Nov. 17 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke’s diagnosis of a weak U.S. economy and labor market signaled that the central bank’s extended period of low borrowing costs may get even longer.

Bernanke said “significant economic challenges remain,” with lending constrained and the jobless rate above 10 percent. Speaking in New York yesterday, he said U.S. asset prices aren’t out of line with underlying values, and central bank policy will ensure that the “dollar is strong.”

Get the rest here:

http://www.bloomberg.com/apps/news?pid=20601068&sid=a3BlApikRmTY