While you were sleeping Bernanke stresses flexibility

While you were sleeping Bernanke stresses flexibility
By Margreet Dietz July 18 (BusinessDesk) - Wall Street gained after Federal Reserve Chairman Ben Bernanke said there was no "preset course" for the central bank's bond-buying program, while better-than-expected results from companies including Bank of America also underpinned the mood. "I emphasise that, because our asset purchases depend on economic and financial developments, they are by no means on a preset course," Bernanke said today in prepared testimony before the House Financial Services Committee. He also said improvements in the la...