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FEB 25, 2013 - Washington Business Journal

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Bernanke’s policies show some success

Federal Reserve Chairman Ben S. Bernanke has something to tout before Congress in hearings this week: job growth in the auto and housing industries, according to Bloomberg News. Consumers rely on loans to buy cars and homes, so these segments of the economy are among the most responsive to Bernanke’s strategy of holding interest rates low and pressing on with bond purchases of $85 billion a month, Bloomberg reported. “The rate-sensitive sectors, most notably housing and autos, are kicking into…

Tags: Bernanke’s policies show some success,  Interest Rates Latest News