Latest Business News: Bernanke: Premature to Say If 'mixed' Data Will Delay Bond Taper

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Latest Business News: Bernanke: Premature to Say If 'mixed' Data Will Delay Bond Taper

by Wochit 0:54 mins

Latest Business News: Bernanke: Premature to Say If 'mixed' Data Will Delay Bond Taper

by Wochit 0:54 mins

Federal Reserve Chairman Ben Bernanke said it was too soon to judge if recent "mixed" signals from the U.S. economy would prompt the central bank to delay plans to trim its bond buying later this year. Federal Reserve Chairman Ben Bernanke weighed into the contentious debate over the future of the housing finance system, saying some sort of backstop for mortgages was needed to protect the financial system in times of stress Panasonic Corp , its affiliate Sanyo Electric Co Ltd and LG Chem Ltd agreed to plead guilty to separate price-fixing allegations involving automotive parts and battery cells, the U.S. Justice Department says.

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