Bernanke: No Fixed Schedule For Slowing Bond Buys

wochit business
September 18, 2013 AT 11:26 AM
Chairman Ben Bernanke says there is "no fixed schedule" date 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.