Bernanke's Low-Rate Fed Future Is SecureIt's it's 1. Contraction of it is. 2. Contraction of it has. See Usage Note at its. it's it is or it has it's be ~have remarkable, really. The Federal Reserve is holding short-term interest rates Short-term interest rates Interest rates on loan contracts-or debt instruments such as Treasury bills, bank certificates of deposit or commerical paper-having maturities of less than one year. Often called money market rates. at the lowest levels in history -- just zero to 0.25%. Critics argue these ultralow rates will trigger a dollar crisis or fuel a new round of foolish lending and financial speculation that will end once again in tears. Yet the engineer of these low rates, Fed Chairman Ben Bernanke, has managed to retain the confidence of the financial markets and fellow monetary policymakers. And on Aug. 25, President Barack Obama said he will nominate nom·i·nate tr.v. nom·i·nat·ed, nom·i·nat·ing, nom·i·nates 1. To propose by name as a candidate, especially for election. 2. To designate or appoint to an office, responsibility, or honor. Bernanke for another four-year term as chairman, which would keep him at the helm until January January: see month. 2014. 
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