Market Wrap for Wednesday, May 22: Stocks Pullback As Bernanke Says Bond Buying Could Slow
May 22, 2013 at 16:19 PM EDT
In Congressional testimony on Wednesday, Federal Reserve Chairman Ben Bernanke said that the central bank could begin winding down its $85 billion-per-month bond-buying program at one of its "next few meetings." Minutes from the May FOMC meeting, however, showed that there is no consensus about when to begin pulling back