Look for the Fed to keep rates low for a long time

By Money Matters Editors

U.S. Federal Reserve Chairman Ben Bernanke is not raising short-term interest rates Wednesday, and he’s not for several quarters.

And it’s not just because the Fed needs to stimulate the U.S. economy: there’s a new fad making the rounds in Washington – it’s called ‘scapegoat the Fed.’

The fad appears every 20 years or so when lawmakers want to blame someone or something for the nation’s economic woes: why not blame the Fed.