U.S. Fed chief says interest rate rise a hopeful sign

02/27/2013 | Bloomberg

In a second day of annual testimony before Congress, U.S. Federal Reserve Chairman Ben Bernanke said a recent slight rise in interest rates suggests the Fed's stimulus is working. Effects of the Fed's easing have been particularly evident in some sectors, Bernanke said, pointing to the latest reports on gains in housing and sales of durable goods. He also cited improvements to "some extent in investment" and commercial real estate.

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