Federal Reserve Latest News: Stocks Edge up as Bernanke Reassures on Stimulus

Wochit 0:53 mins

Stocks edged higher in early trading on Wall Street after several major companies reported earnings gains and Federal Reserve Chairman Ben Bernanke said the central bank had no firm timetable for cutting back on its bond purchases. Chairman Ben Bernanke said that the Federal Reserve's timetable for reducing its bond purchases is not on a "preset course" and the Fed could increase or decrease the amount based on how the economy performs. Federal Reserve Chairman Ben Bernanke says the central bank anticipates beginning tapering bond purchases later this year but that policy will remain accommodative and could change depending on the economic data.

Build your team. Brag. Win.

View Comments (0)