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Federal Reserve Latest News: Bernanke Hearing Turns Into Eulogy Over His Tenure at Fed

Wochit 0:52 mins

With a smile periodically playing across his face, Ben Bernanke almost looked pleased to face questions from members of the House of Representatives, but that might be because he knows that it was for the last time. The Federal Reserve says, the economy continued to grow at a modest to moderate pace in June and early July, with manufacturing expanding in most areas of the country. Stocks edged higher 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.

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