Sign in to NFL Now to watch the best of the NFL, personalized for you

Ben Bernanke Latest News: Bernanke: Bond Tapering to Begin Later This Year, but Plan Not Preset

Wochit 0:59 mins

Federal Reserve Chairman Ben Bernanke said the U.S. central bank still expects to start scaling back its massive asset purchase program later this year, but left open the option of changing that plan in either direction if the economic outlook shifted. Careful what you wish for, you just might get it. Equity investors hanging on Federal Reserve chief Ben Bernanke's every utterance have seen markets go on a wild ride in the past six weeks, only to wind up where they began. Emerging economies that have thrived on ultra-loose U.S. monetary policy and insatiable Chinese demand for natural resources are in for another rude wake-up call. Federal Reserve Chairman Ben Bernanke will explain in two days of congressional testimony that his plan to buy fewer bonds is not the same as raising interest rates. And while China's days of double-digit growth are over, data should show it expanded around 7.5 percent in the second quarter from a year earlier.

View Comments (0)