Bernanke: lower interest rates are "feasible" - WKOW 27: Madison, WI Breaking News, Weather and Sports

Bernanke: lower interest rates are "feasible"

WASHINGTON (AP) -- Federal Reserve Chairman Ben Bernanke says further interest-rate cuts are "certainly feasible," but he warns there are limits to how much such action would revive an economy likely to stay weak well into next year.

  The Fed's key interest rate now stands at 1 percent, a level seen only once before in the last half-century.

  To help lift the country out of a recession that started in December of last year, many economists predict Bernanke and his colleagues will drop the rate again at their next meeting on Dec. 15-16.

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