Bernanke says Fed will take foot off gas, slowing bond purchases

06/24/2013 | AdvisorOne

Federal Reserve Chairman Ben Bernanke announced last week that the central bank plans to slow its bond purchases later in the year and end them altogether if the economy continues to improve. He emphasized that while the economy is growing moderately, the Fed will continue its bond-buying program until the job market improves, keeping interest rates down until unemployment drops to 6.5%.

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