THIS STORY HAS BEEN FORMATTED FOR EASY PRINTING

Fed chief Bernanke douses bond-buying hopes

July 15, 2011

E-mail this article

Invalid E-mail address
Invalid E-mail address

Sending your article

Your article has been sent.

Text size +

Stocks fell after Fed chief Ben S. Bernanke said he’s not ready to immediately act to stimulate the economy. Bernanke cited higher inflation as the central bank’s reason for not embarking on a third round of bond-buying. Indexes had climbed earlier as investment banking profit surged at JPMorgan Chase & Co. and more customers paid their credit card bills on time.