Federal Reserve Latest News: Global Markets Rise on Bernanke Stimulus Promise

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Federal Reserve Latest News: Global Markets Rise on Bernanke Stimulus Promise

Federal Reserve Latest News: Global Markets Rise on Bernanke Stimulus Promise
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Federal Reserve Latest News: Global Markets Rise on Bernanke Stimulus Promise

Wochit 0:55 mins

Global stocks rose after Federal Reserve chairman Ben Bernanke promised to continue to stimulate the U.S. economy. The Fed has been buying $85 billion of financial assets a month to keep interest rates low and encourage borrowing and spending. That stimulus has driven global stocks higher, so the prospect of reducing it caused market volatility in recent weeks. U.S. stock futures are jumping after Federal Reserve Chairman Ben Bernanke said the central bank would keep supporting the economy. Fed Chairman Bernanke sought to reassure jittery markets that while the central bank could start winding down its $85B-a-month bond-buying program later this year, Fed officials aren't abandoning their broader commitment to easy-money policies.

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