This Week’s Economic News Will Keep CD Rates and Other Deposit Rates Low

News out this week doesn't bode well for CD rates and other bank deposit rates.  At an economic conference in Jackson Hole, Wyoming, Federal Reserve Chairman, Ben Bernanke, said Friday that the FOMC intends to act to help the economy recovery stay on tract. Stopping short of  saying more Fed easing to lower interest rates is imminent Ben still used language to suggest the Fed will act sooner than later if growth doesn't pick up.