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

wochit business
July 11, 2013 AT 10:08 AM
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.