Daily Archives: July 13, 2012

Claire Jones

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Bernanke testimony

Fed chairman Ben Bernanke faces Congress next week for the central bank’s twice-yearly Monetary Policy Report to the Senate and the House of Representatives.

Will Mr Bernanke offer any clues that the launch of QE3 is imminent? This from the FT’s US economics editor Robin Harding: 

Claire Jones

Why it was needed

Lending has slumped and, what borrowing there is, has become more expensive. See charts below.

Funding for lending aims to make credit more plentiful and cheaper to obtain.