Time Person Of The Year Ben Bernanke Keeps Rates At Zero

This post by Jill Schlesinger originally appeared on CBS' MoneyWatch.com.

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 (click here to view the video).

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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Jill Schlesinger is the Editor-at-Large for CBS MoneyWatch.com. Prior to the launch of MoneyWatch, she 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.