Federal Reserve chairman Ben Bernanke made his semi-annual testimony on Capitol Hill today. He told lawmakers that Fed tapering of economic stimulus is not "pre-ordained."
Fed chair Ben Bernanke heads to Capitol Hill for his last semi-annual two-day testimony. He may face tough questions, reflecting perceived politicization of his role in the absence of coordination between Congress and the White House.
Now that President Obama has suggested publicly that Ben Bernanke might not stay on at the Federal Reserve past January, the quest is on for replacements.
Global markets are down this morning on news that the U.S. Federal Reserve may not continue its bond buying program, known as quantitative easing, in the long-term.