While you were sleeping Fed opens taper door

Wed, 22 May 2013

By Margreet Dietz May 23 (BusinessDesk) - US stocks and bonds fell, both giving up earlier gains, after Federal Reserve chief Ben Bernanke suggested the central bank might scale back stimulus measures as early as at its next meeting. “If we see continued improvement and we have confidence that that is going to be sustained, then we could in—in the next few meetings, we could take a step down in our pace of purchases,” Bernanke said in response to a question from the Joint Economic Committee of Congress in Washington after his prepared testimo...

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