International news
Federal Reserve chairman Ben Bernanke is putting investors on notice that the central bank is prepared to begin phasing out one of the most aggressive easing programs in its century-long history later this year. Bernanke said that "Any slowing in the pace of purchases would be akin to letting up on gas pedal as the car picks up speed, not hitting the brakes”. His comments have shaken the currency markets around the globe with both Aussie Dollar and Indian Rupee both losing nearly 2% overnight. President Barack Obama's remarks this week about Federal Reserve chairman Ben Bernanke staying longer than he was supposed to are telling for Bernanke's future at the Fed [...]
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