Markets

Time Person Of The Year (aka Ben Bernanke) Keeps Rates At Zero

Updated on: December 18, 2009 / 4:38 PM EST / MoneyWatch

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:

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

And now, back to our show...