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Bernanke Keeps Interest Rate Steady

Sees housing crisis as risk, but doesn't see recession

By Peter Fearon,  Newser Staff

Posted Mar 29, 2007 8:15 AM CDT

(Newser) – With inflation creeping up, Fed chairman Ben Bernanke will keep interest rates steady—at least for now, reports the Wall Street Journal. Soft business investment and weakening housing are becoming serious risks, but the long-term outlook is good, Bernanke told Congress yesterday. "The current...   Read full story »

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