 Image uploaded from a quicklink (Image by Unknown Owner) Details DMCA | Federal Reserve Chairman Ben Bernanke on Tuesday offered a gloomy view of the economy's prospects, but provided few concrete clues on whether the U.S. central bank was moving closer to a fresh round of monetary stimulus. Bernanke told the committee that manipulation of the global benchmark interest rate Libor by banks and traders had undermined confidence in financial markets, and he called the process of calculating Libor "structurally flawed." |
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