Bernanke defends Fed's low interest rates and warns that rate hikes could hurt recovery

  • Article by: MARTIN CRUTSINGER , Associated Press
  • Updated: March 3, 2013 - 4:37 PM
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hjlazniMar. 2, 1310:08 AM

1. Where does the Fed get the money to buy the bonds and mortgage backed securities. 2. These purchases lower the interest rate but raise the price of these securities so the wealthy selling the securities get the highest possible price.

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