WASHINGTON — Federal Reserve chairman Ben Bernanke reaffirmed the central bank’s commitment to its massive stimulus program on Tuesday, tamping down speculation of a pullback that spooked stock markets last week.
Testifying before the Senate banking committee, Bernanke said the benefits of efforts to keep interest rates near zero are clear. Sales of homes, autos, and other durable goods have rebounded. That has helped reduce unemployment and build household wealth, which in turn fuel the engine of the economy: consumer spending.
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I would have appreciated more of Sen. Warren's line of questioning. I already know,( and there is enough evidence on UTube,) that she does not respect party lines, Republican, Democratic, Liberatarian or Marijuana, but more coverage of her efforts to reign in financial greed and risky adventures would be informative.