Bernanke takes over at the Fed

Washington -- Ben Bernanke was sworn in as the 14th chairman of the Federal Reserve in early February, with the first item on his agenda likely to be a decision on the direction of interest rates. The Fed increased rates for a 14th consecutive time in the same week, and is expected to do so one last time at Bernanke's first meeting as chief, on March 28. Economists expect rates to remain unchanged for several months beyond that.

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