Chief of Fed defends stimulus

Bernanke: Low rates still needed

Posted: February 27, 2013 at 3:05 a.m.

Ben Bernanke sent a message Tuesday to Congress: The Federal Reserve’s low-interest-rate policies are giving crucial support to an economy still burdened by high unemployment.

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Business, Pages 28 on 02/27/2013


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Banker to shrink staff by up to 7%

Workers raise a JPMorgan Chase & Co. flag at company headquarters before an annual Investors Day conference in New York, U.S., on Tuesday, Feb. 26, 2013. JPMorgan Chase & Co., the biggest U.S. bank, expects headcount to decline by about 4,000 in 2013 as Chief Executive officer Jamie Dimon targets mortgage operations for cuts. Photographer: Victor J. Blue/Bloomberg

JPMorgan Chase & Co., the biggest U.S. bank, plans to reduce headcount by as many as 19,000 people in its mort... Read »

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State to developer: Cease and desist The Arkansas Securities Department issued a cease-and-desist order against Rodney Myers of Hot Springs and R.D. Myers Development Inc. ... Read »