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Federal Reserve Latest News: Bernanke Written Senate Testimony Repeats Prepared Remarks to House

Wochit 0:54 mins

Federal Reserve Chairman Ben Bernanke was set to deliver written remarks to the U.S. Senate Banking Committee that were virtually identical to prepared remarks he gave the day before to the House Financial Services Committee. Bernanke has made no public comment about his future plans, but is widely expected to step down when his term at the Fed's helm ends in January. Average rates on U.S. fixed mortgages declined this week as concern waned in the financial markets over the Federal Reserve's possible slowing of its bond purchases this year. As Federal Reserve chairman Ben Bernanke begins a second day of testimony to Congress, US stock markets have hit new, intraday highs.

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