What has the Fed actually accomplished with its lower rates? Bernanke says the view behind the...

|By:, SA News Editor

What has the Fed actually accomplished with its lower rates? Bernanke says the view behind the question is "understandable," while noting constraints; the Fed can push mortgage rates lower, but there are other problems in the housing market. "Monetary policy may be somewhat less powerful" than it was in the past, but he says it is affecting economic growth.