Stocks leap as Bernanke pledges lower rates
U.S. stocks rose broadly on Monday, sending indexes to fresh 13-month closing highs, after Federal Reserve Chairman Ben Bernanke reinforced expectations that interest rates would stay low to spur growth. Bernanke repeated that the Fed was likely to keep interest rates exceptionally low for "an extended period," a pledge that weighed on the U.S. dollar and drove investors to snap up shares of natural resource companies as prices of global commodities -- from gold to wheat -- shot higher. In a speech before the Economic Club of New York, Bernanke said the recovery would not be as robust as previously...
Original Article: Forum: News/Activism
Tags: Economic Club, Federal Reserve, Federal Reserve Chairman, Federal Reserve Chairman Ben Bernanke, Global Commodities, Gold, Indexes, Interest Rates, Investors, Natural Resource Companies, Pledge, Pledges, Rose, Stocks, Wheat