Federal Reserve chairman Ben Bernanke said last night that the central bank may start dialling down its unprecedented bond-buying program this year and end it entirely in mid-2014 if the economy finally achieves the sustainable growth the Fed has sought since the recession ended in 2009.
The Federal Open Market Committee left the monthly pace of bond purchases unchanged at $85 billion, while saying that “downside risks to the outlook for the economy and the labour...
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