As economy strengthens, what will happen to interest rates?

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As economy strengthens, what will happen to interest rates?

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As economy strengthens, what will happen to interest rates?

by CBSTV Videos 2:03 mins

In his latest update on the state of the U.S. economy on Wednesday, Federal Reserve Chairman Ben Bernanke explained that the nation's economic recovery is still fragile. The Fed's purchase of government bonds has pushed interest rates lower, which has created a real estate frenzy in Southern California. Carter Evans reports.

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