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Bernanke says no preset timeline for Fed bond purchase

U.S. Federal Reserve Chairman Ben Bernanke speaks during the hearing held by the House Financial Services Committee at Capitol Hill in Washington D.C. on July 17, 2013.

U.S. Federal Reserve Chairman Ben Bernanke speaks during the hearing held by the House Financial Services Committee at Capitol Hill in Washington D.C. on July 17, 2013. Bernanke said Wednesday that the timetable for trimming the bond purchases is not on a preset course and the Fed would base its adjustment of the 85-billion-dollar monthly program on how the economy performs. (Xinhua/Fang Zhe)

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No preset timeline for Fed bond purchase: Bernanke

Federal Reserve Chairman Ben Bernanke said Wednesday the timetable for trimming the bond purchases is not on a preset course and the Fed would base its adjustment of the 85-billion-dollar monthly program on how the economy performs.Full Story

U.S. Federal Reserve Chairman Ben Bernanke speaks during the hearing held by the House Financial Services Committee at Capitol Hill in Washington D.C. on July 17, 2013.

U.S. Federal Reserve Chairman Ben Bernanke speaks during the hearing held by the House Financial Services Committee at Capitol Hill in Washington D.C. on July 17, 2013. Bernanke said Wednesday that the timetable for trimming the bond purchases is not on a preset course and the Fed would base its adjustment of the 85-billion-dollar monthly program on how the economy performs. (Xinhua/Fang Zhe)

U.S. Federal Reserve Chairman Ben Bernanke speaks during the hearing held by the House Financial Services Committee at Capitol Hill in Washington D.C. on July 17, 2013.

U.S. Federal Reserve Chairman Ben Bernanke tests the microphone during the hearing held by the House Financial Services Committee at Capitol Hill in Washington D.C. on July 17, 2013. Bernanke said Wednesday that the timetable for trimming the bond purchases is not on a preset course and the Fed would base its adjustment of the 85-billion-dollar monthly program on how the economy performs. (Xinhua/Fang Zhe)

U.S. Federal Reserve Chairman Ben Bernanke speaks during the hearing held by the House Financial Services Committee at Capitol Hill in Washington D.C. on July 17, 2013.

U.S. Federal Reserve Chairman Ben Bernanke smiles during the hearing held by the House Financial Services Committee at Capitol Hill in Washington D.C. on July 17, 2013. Bernanke said Wednesday that the timetable for trimming the bond purchases is not on a preset course and the Fed would base its adjustment of the 85-billion-dollar monthly program on how the economy performs. (Xinhua/Fang Zhe)

U.S. Federal Reserve Chairman Ben Bernanke speaks during the hearing held by the House Financial Services Committee at Capitol Hill in Washington D.C. on July 17, 2013.

U.S. Federal Reserve Chairman Ben Bernanke speaks during the hearing held by the House Financial Services Committee at Capitol Hill in Washington D.C. on July 17, 2013. Bernanke said Wednesday that the timetable for trimming the bond purchases is not on a preset course and the Fed would base its adjustment of the 85-billion-dollar monthly program on how the economy performs. (Xinhua/Fang Zhe)

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