Bernanke Says Fed Policy Isn’t on a ‘Preset Course’

July 17 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke said the central bank’s asset purchases “are by no means on a preset course.” The purchases could be reduced more quickly or expanded as economic conditions warrant, Bernanke said today in a prepared testimony before the House Financial Services Committee. Peter Cook reports on Bloomberg Television's "In the Loop." (Source: Bloomberg)
Oil Drops a Second Day as U.S. Inventories Surge
00:31 - Citi Research Global Head of Commodities Ed Morse discusses oil prices and Iran's return to the oil market. He speaks on "Bloomberg Markets." (Source: Bloomberg)
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