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Thursday, July 11, 2013

Bernanke signals no early end to QE.

Ben Bernanke yesterday indicated that the Fed will keep the money printing presses ramped up for a while to come, saying "that highly accommodative monetary policy for the foreseeable future is what's needed for the U.S. economy." The chairman's comments came after minutes from the last FOMC meeting showed policy makers divided between those who believe that tapering is warranted soon and those who want to see further improvement in the labor market first.

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