“Stocks finished higher Thursday, with the Dow and S&P 500 setting fresh highs, boosted by a batch of upbeat economic reports and after Fed Chairman Ben Bernanke reiterated that monetary policy will remain highly accommodative, even as the central bank starts to pare back its bond buying. Bernanke returned to Capitol Hill to testify before the Senate Banking Committee on the economy and QE after reassuring the markets Wednesday that there was no concrete timetable for the Fed to scale back its bond purchase program. Bernanke also emphasized that there could be a lengthy time-lag between the end of asset purchases and a hike in interest rates.”
http://www.cnbc.com/id/100896187
Related posts:
Canadian Mint ready to test its own digital money project
Congress Votes NO On VA Hospitals Prescribing Cannabis To Veterans
Feds mobilize against additional hits on their pocketbooks
Chinese baby ‘sold by doctor’ reunited with parents
Argentine small businesses turning to bitcoin
When 'Smart Homes' Get Hacked: I Haunted A Complete Stranger's House Via The Internet
Watson supercomputer’s next feat? Taking on cancer
European envoy meets with Egyptian ex-president Morsi
Ron Paul: "I Smell Iraq All Over Again"
Swann home security camera sends video clips to random people
Smell of marijuana: Who needs a search warrant when police use their nose?
Russian ‘mobile malware’ industry could spread to other countries
Sky News cameraman Mick Deane killed in Cairo violence
U.S. E-Mail Services Close and Destroy Data Rather Than Reveal Files
Amid food crisis, Venezuelan president Maduro launches "Salsa Hour" radio show