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Bernanke: Fed could still taper stimulus this year

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(Globalpost/GlobalPost)

Federal Reserve Chairman Ben Bernanke said Wednesday that the Fed could still decide to begin cutting its stimulus program later this year.

Speaking after the Fed surprised markets by keeping the $85 billion a month asset-purchase program unchanged, Bernanke said "we could move later this year" if the economy keeps growing and Fed policy makers have more confidence in their outlook.

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http://www.globalpost.com/dispatch/news/afp/130918/bernanke-fed-could-still-taper-stimulus-year-0