Bernanke: Pace of QE to Hinge on Economy

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July 17 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke said the central bank’s asset purchases “are by no means on a preset course” as he sought to tamp down an increase in borrowing costs that threatens to slow the economic expansion. Peter Cook reports on Bloomberg Television's "Bottom Line." (Source: Bloomberg)

He was pushed by republicans to defend the fed's easy money policies.

They said the actions have bolstered the economy.

The key is making sure the markets understand our plan, and that we have done enough that the economy has grown on its own.

Then, the markets will be fine.

The fed painted a rosier picture of the u.s. economy.

Economic activity continued to increase at a moderate pace area most districts noted overall consumer spending increased and residential and real estate construction increased at a strong pace.

A busy day for the federal reserve.

They get to do it all over again thursday in front of the central bank committee.

Back to you.

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