America's Low-Interest Reality

45:58

February 22, 2010

A television screen on the floor of the New York Stock Exchange on Dec. 16, 2009 showed the Federal Reserve's decision at that time to hold interest rates at a record low. It pledged to keep them there for an "extended period." (AP)

Guests:

Peter Coy, economics editor at Bloomberg BusinessWeek.
Marvin Goodfriend, professor of economics at the Tepper School of Business at Carnegie Mellon University.
Susan Wachter, professor of finance and real estate at the University of Pennsylvania’s Wharton School and co-director of the Penn Institute for Urban Research.
Later in the hour, we'll check in with Alan Simpson, former U.S. Senator from Wyoming, who has been named co-chair of President Obama's bipartisan National Commission on Fiscal Responsibility and Reform, created by executive order on Feb. 18.

This program aired on February 22, 2010.