After trading mostly flat in the first 30 minutes of trading, U.S. stocks fell as Fed Chairman Ben Bernanke discussed his exit strategy. However, the stock market is still being cushioned by hopes of a Greece bailout.
The Federal Reserve could begin pulling back its unprecedented stimulus for the U.S. economy by first removing some cash from the financial system and then raising interest rates, Fed Chairman Ben Bernanke said on Wednesday.
The Federal Reserve could begin pulling back its unprecedented stimulus for the U.S. economy by first removing some cash from the financial system and then raising interest rates, Fed Chairman Ben Bernanke said on Wednesday.