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 ...

More on MoneyWatch:
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•Who's Paying to Shape Health Care Reform?
•10 Most Exclusive Colleges
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(CBS)

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.

Jill Schlesinger

View all articles by Jill Schlesinger on CBS MoneyWatch »
Jill Schlesinger, CFP®, is the Emmy-nominated, Business Analyst for CBS News. She covers the economy, markets, investing and anything else with a dollar sign on TV, radio (including her nationally syndicated radio show), the web and her blog, "Jill on Money." Prior to her second career at CBS, Jill spent 14 years as the co-owner and Chief Investment Officer for an independent investment advisory firm. She began her career as a self-employed options trader on the Commodities Exchange of New York, following her graduation from Brown University.

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