Bernanke: Ultra-low rates in the US here to stay

FXStreet (Bali) - Even though Ben Bernanke is no longer the Chairman of the Federal Reserve, his comments are still worth taking in due consideration, as market still perceives his take on the economy as potential clues on what current Fed head Janet Yellen's thinking process might be too.

At a pricey private dinner, Bernanke sent a message by saying that ultra-low rates in the US are here to stay, hinting that the Fed will be very slow to raise rates due to not ideal conditions in the labour market. The remarks will not help the case for Fed funds outlook to improve near term.