Summary
NEW YORK -- Stocks posted small gains Thursday after Federal Reserve Chairman Ben Bernanke said the central bank will stick to its efforts to spur the economy. In a speech at the National Press Club, Bernanke said that the Fed expects the economy to improve this year and inflation to remain low despite the jump in commodities prices.
The Federal Reserve has a plan to buy $600 billion in bonds, a tactic known as quantitative easing, aimed at spurring lending and making stock ownership more attractive. Some economists had worried that the Fed could end its bond purchases earlier than anticipated.See the full content of this document
Extract
Investors Reassured by Bernanke's Speech
Stocks had fallen for the most of the day as concerns over violent protests ...
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