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Fed chief to testify, Durable orders numbers coming

7:08 AM, Feb 27, 2013   |    comments
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WASHINGTON (AP) - Looking at the major business and economic events coming up today, Federal Reserve Chairman Ben Bernanke goes before the House Financial Services Committee. He'll be testifying about monetary policy and the economy.

Yesterday, Bernanke told Congress the Federal Reserve's low-interest-rate policies are giving crucial support to an economy still burdened by high unemployment.

The Fed chairman acknowledged the risks of keeping rates low indefinitely. But he expressed confidence that such risks pose little threat now.

Also on the economic calendar for today, the Commerce Department releases its report on durable goods for January. And the National Association of Realtors releases the pending home sales index.






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