Ben Bernanke defends low interest rates in a talk with a group of grumpy community bankers -...

|By:, SA News Editor

Ben Bernanke defends low interest rates in a talk with a group of grumpy community bankers - driving home the oft-repeated mantra that the ultra-low rate policy is needed to spur economic growth. "It is necessary to set the negative effects on net interest margins against the positive effects of a strengthening economic and lending environment."