WASHINGTON (AP) — Chairman Ben Bernanke said Wednesday there is “no fixed schedule” or “magic number” for when the Federal Reserve will start to slow or end its bond purchases.
During a news conference after the meeting, Bernanke said the Fed could still reduce the $85-billion-a-month in bond purchases later this year. But he said that hinges on the economy showing sustained improvement. And he clarified that the program won’t necessarily end when unemployment reaches 7 percent.
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