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Federal Reserve To Continue Bond-Buying Program

Federal Reserve policymakers say the economy is doing slightly better than it was last fall, but the Fed's $85 billion per month stimulus program will continue for the time being. Speaking at news conference in Washington, D.C., Chairman Ben Bernanke indicated the Fed might begin tapering the stimulus program later this year. The Fed repeated earlier statements that it would hold short-term interest rates near zero until the jobless rate reaches 6.5 percent as long as inflation remains in check.