Economics
Bernanke Keeps Easing Option While Signaling Economy Improving
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Federal Reserve Chairman Ben S. Bernanke is keeping additional easing on the policy-making table even after upgrading his view on the U.S. expansion.
Stocks rose and Treasuries fell after the Federal Open Market Committee yesterday improved its outlook for growth, reducing expectations the central bank will begin a third round of bond buying. At the same time, the FOMC reiterated in a post-meeting statement that the joblessness rate is “elevated” and “significant downside risks” remain.