Bernanke quells talk of fresh stimulus rounds

Filed under: AM Roundup |

Federal Reserve Chairman Ben Bernanke said the current economic climate meant that interest rates are likely to remain low, according to Bloomberg News.

But he didn’t offer any sign that he believes the economy needs a monetary boost.

Stocks and treasuries fell during his testimony, as the Fed didn’t indicate it would purchase more bonds – known as qualitative easing.

Read more at Bloomberg News.