Photo Credit: Reuters/Gary Cameron
Last Wednesday in Washington, Federal Reserve Chairman Ben Bernanke presented congressional testimony that repeated, virtually word for word, statements about U.S. monetary policy he has been making since last September.
The Federal Reserve, Bernanke said, would continue buying $85 billion of bonds monthly until it was confident of reducing unemployment to 6.5%. The scale of these purchases might be increased or diminished, but only if and when such…U.S.,Ben Bernanke,Macroeconomics,United States,US Federal Reserve,Reuters Comment
Published Date : May 25, 2013, 8:41 AM EDT