December 7, 2009 / 6:21 PM / 10 years ago

Bernanke-still looking "extended period" for rates

WASHINGTON, Dec 7 (Reuters) - The U.S. Federal Reserve is still looking at an “extended period” for low interest rates because of excess slack in the economy and stable inflation expectations, Fed Chairman Ben Bernanke said on Monday.

“Right now we are still looking at the extended period, given that conditions remain, low rate utilization ... and stable inflation expectations, that remains where we are now,” Bernanke said in response to a question at the Economic Club of Washington.

“We continue to look at the economy, obviously there have been signs of strength recently.” (Reporting by Lucia Mutikani; Editing by James Dalgleish)

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