December 16, 2009 4:18 PM
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Time Person Of The Year (aka Ben Bernanke) Keeps Rates At Zero
Executive Editor Jack Otter and I discussed Time Magazine's naming of Ben Bernanke as "Person of the Year" BEFORE the interest rate non-decision today.
In case you missed the FOMC meeting results, here are the highlights:
© 2009 CBS Interactive Inc.. All Rights Reserved. In case you missed the FOMC meeting results, here are the highlights:
- Rates will remain exceptionally low for an extended period of time
- The economy is picking up, albeit slowly
- Labor market deterioration is abating
- Liquidity facilities will end in Q1 2010
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Jill Schlesinger Jill Schlesinger, CFP®, is the Editor-at-Large for CBS MoneyWatch. She covers the economy, markets, investing or anything else with a dollar sign. Prior to the launch of MoneyWatch in 2009, Jill was the chief investment officer for an independent investment advisory firm. In her infancy, she was an options trader on the Commodities Exchange of New York.
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