Bernanke signals flexibility on bond purchases

Posted by Shopify API on

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...

Share this post

← Older Post Newer Post →