Bernanke likely to hold fire for now
Federal Reserve Chairman Ben Bernanke will probably forgo announcing a third round of large-scale asset purchases this week, according to a survey of economists.
Federal Reserve Chairman Ben Bernanke will probably forgo announcing a third round of large-scale asset purchases this week, and is more likely to wait until September to unveil plans to buy $600 billion in housing and government debt, according to median estimates of economists in a Bloomberg News survey.
Eighty-eight per cent of economists say the Federal Open Market Committee will refrain from starting new purchases at a two-day meeting that began today in Washington. Forty-eight...
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