Markets news on stocks, currencies and oil; US Federal Reserve Chairman Ben Bernanke said today that the US economy is in a “nascent” recovery that still requires low interest rates to promote demand by consumers and businesses once federal stimulus expires.
Related posts:
- Markets News Afternoon: Shares, oil and Euro rise; Bernanke says Fed will act as needed to aid financial stability and economic growth
- Irish Economy: IMF say after steep slump, Ireland is experiencing a nascent recovery; Return to high growth rates of “Celtic Tiger” unlikely
- Markets News Afternoon: Deutsche Bundesbank’s Axel Weber says in Dublin more bank capital preferable to Volcker Rule; German exports dip in January; AIB/Amárach Recovery Indicator (ARI) shows consumers putting debt management first
- Markets News Afternoon: Shares fall in Europe and US; Senate panel votes for Bernanke; US weekly jobless claims rise
- Bernanke to speak at Jackson Hole on fragile US recovery