Finance Latest News: Bernanke: Fed to Taper Later This Year

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Finance Latest News: Bernanke: Fed to Taper Later This Year

Finance Latest News: Bernanke: Fed to Taper Later This Year
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Finance Latest News: Bernanke: Fed to Taper Later This Year

Wochit 0:51 mins

Federal Reserve Chairman Ben Bernanke says the central bank anticipates beginning tapering bond purchases later this year but that policy will remain accommodative and could change depending on the economic data. U.S. Treasury Secretary Jack Lew said that the United States is committed to ending a policy of "too big to fail" where large institutions receive considerable government assistance if they get into trouble. China needs another round of "decisive measures" to make sure it continues its successful economic growth as its margins of safety are falling amid growing domestic problems, the International Monetary Fund said in its latest report.

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