INQUIRER.net: Bernanke signals flexibility on bond purchases

INQUIRER.net Philippine News for Filipinos

Bernanke signals flexibility on bond purchases Jul 18th 2013, 00:45 WASHINGTON—Ben Bernanke said Wednesday that the US economy is gradually improving but emphasized that the Federal Reserve is not locked into any timetable for scaling back policies aimed at jolting growth.   The Fed chairman told Congress there is no "preset course" and that any decision to reduce its $85 billion-a-month bond-buying program will depend on how the economy performs. And he said that the Fed could maintain or increase those purchases if it sensed the economy was weakening.   The bond purchases have kept long-term interest rates low, spurred a stock market rally and encouraged more borrowing and spending.   The US economy is getting a l... Keep on reading: Bernanke signals flexibility on bond purchases Media files: Ben-Bernanke.jpg (image/jpeg)

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