Ben Bernanke reiterated Wednesday that the Federal Reserve is not locked into any timetable for scaling back policies aimed at keeping long-term interest rates low.
The Fed chairman told Congress there is no “preset course” and that any decision to reduce its $85 billion-a-month bond-buying program — or possibly increase it — will depend on how the economy performs. The bond purchases have kept long-term interest rates low, encouraging more borrowing and spending.
The U.S. economy is getting a l...
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