Bernanke: No Fixed Schedule For Slowing Bond Buys
Chairman Ben Bernanke says there is “no fixed schedule” date or “magic number” for when the Federal Reserve will start to slow or end its bond purchases. During a news conference after the meeting, Bernanke said the Fed could still reduce the $85-billion-a-month in bond purchases later this year. But he said that hinges on the economy showing sustained improvement.
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