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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:

  • 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...}
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