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Bernanke signals flexibility on bond purchases

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WASHINGTON (AP) — Ben Bernanke said Wednesday that the U.S. economy is gradually improving but emphasized that the Federal Reserve is not locked into any timetable for scaling back policies aimed at jolting growth. The Fed chairman told Congress there is no "preset course" and that any decision to reduce its $85 billion-a-month bond-buying program will depend on how the economy performs. And he...

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