Bernanke's testimony might shed light on the Fed's next steps

07/20/2010 | CNBC

Ben Bernanke, chairman of the Federal Reserve, will testify before Congress this week and possibly offer insight into whether he is willing to ease monetary policy further. Minutes of the central bank's June meeting show that policymakers discussed what to do if the economy deteriorates. The Fed has some options, although interest rates are already near zero, with officials vowing to maintain them for an extended period. The Fed also has flooded the financial system with credit.

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