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Bernanke flags flexibility on Fed bond purchases
Fed Chairman Ben Bernanke told the House panel that the economy is improving but policy remains adaptable. He said the $85 billion a month bond buys are not on a preset course and could be scaled back or increased based on economic progress. Unemployment around 7.6 percent and growth weakness keep stimulus under review while rates stay near zero.
MENTIONED IN THIS ARTICLE
Washington
Ben Bernanke
U.S
Federal Reserve
Fed
Congress
Bernanke
House Financial Services Committee
Senate Banking Committee
Bernankes
Treasury
Brian Bethune
Gordon College
Wenham, Mass