Federal Reserve Chairman Ben Bernanke said the central bank could begin phasing out its bond buying this year. It won't completely end stimulus efforts unless joblessness falls from 7.6% to 7% by this time in 2014, he said. If the job market or the broader U.S. economy fall back into a slump, the central bank is ready to stop its scaledown or increase efforts to support the recovery, he said.

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