At Final Senate Banking Hearing, Bernanke Receives Outpouring of Praise

The Federal Reserve chairman used his final testimony to assure QE will not wind down anytime soon

Recap: Bernanke’s Testimony in the Senate (MarketWatch)

Federal Reserve Chairman Ben Bernanke on Thursday delivered his second day of testimony on monetary policy and the economic outlook to the Senate Banking Committee. One of the key points Bernanke made is that data since the last Fed rate-policy meeting has been “mixed” and it was “way too early” to make a judgement on when the central bank will slow down the pace of its asset purchases.

Lower gold prices could mean investors are less worried about the economy, he said.

Student-loan debt levels are not a risk to financial stability, the Fed chairman said.

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