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Dollar stands tall after Bernanke comments; China PMI in focus

SYDNEY (Reuters) - The dollar hovered at a near three-year high against a basket of major currencies in Asia on Thursday, having risen broadly as Treasury yields jumped on the prospect that the Federal Reserve might scale back its stimulus program this year. Full story

A divided Fed wrestles with when to slow bond buys

The Federal Reserve is torn over when to slow its aggressive efforts to stimulate the economy. Full story

U.S. dollar climbs to multi-year highs after Bernanke

NEW YORK (Reuters) - The dollar rose to a 4-1/2-year high against the yen and a near three-year peak against a currency basket on Wednesday after Federal Reserve Chairman Ben Bernanke stoked speculation the U.S. central bank could slow its asset buying in coming months. Full story

Bernanke says more progress needed before stimulus pullback

WASHINGTON (Reuters) - The Federal Reserve's monetary stimulus is helping the economy recover but the central bank needs to see further signs of traction before taking its foot off the gas, Fed Chairman Ben Bernanke said on Wednesday. Full story

Wall Street extends losses, S&P down 1 percent

NEW YORK (Reuters) - Stocks extended their decline on Wednesday, with the S&P 500 falling 1 percent following remarks by Federal Reserve Chairman Ben Bernanke which suggested the central bank was not ready to pull back on its economic stimulus efforts but may act if the economy continues to impr Full story

Wall St. extends losses after Fed minutes

NEW YORK (Reuters) - Stocks fell in choppy trading Wednesday, with the Dow briefly falling more than 1 percent, following remarks by Federal Reserve Chairman Ben Bernanke which suggested the central bank was not ready to pull back on its economic stimulus efforts but may act if the economy continues Full story

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Articles

Wall St. at session lows after Fed minutes

Wall Street pares gains, Nasdaq negative

Britain's FTSE slips on profit-taking at 13-year highs

Wall Street starts slightly higher, eyes on Fed

Bernanke's dangerous optimism: James Saft

Dollar firms as suspense builds, Asia shares dip

Nikkei slips from 5-1/2-year high as yen weakness put on hold

Job market gains could lead Fed to taper QE3 early

Bernanke, in commencement address, upbeat on innovation outlook

Bernanke forecasts gains from computer technology

Video

  Futures Now: Bond Yields Soar on Bernanke

The Futures Now team; Jim Iuorio, TJM Institutional Services; and Jeff Kilburg, KKM Financial discuss movement in the bond market following comments from Fed chief Ben Bernanke.

  Bernanke: Despite Gains, Job Market Remains Weak Overall

Fed Chairman Ben Bernanke said fiscal policy at the Fed level has become significantly more restrictive, with the FMHR team. Paul Richards, UBS Global FX Management Committee, weighs in.

  Fed Chairman Bernanke Opening Statement

Federal Reserve Chairman Ben Bernanke address the Joint Economic Committee on Capitol Hill about the economic outlook.

  Reading Between Fed's Lines: Pro

Peter Costa, Empire Executions, doesn't think the Fed is going to "do anything different," after listening to Ben Bernanke's testimony today on Capitol Hill.

  Rep. Delaney: How Will Grand Bargain Impact Policy

Ben Bernanke lays out his ideal scenario in unwinding the Fed's current stimulus policies to Rep. John Delaney, (D-MD). And, Rep. Richard Hanna, (R-NY), wants to know how much of the unemployment rate is "structural," and how much is "cyclical."

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Related Photos

Bernanke Testifies Before Joint Economic Committee On US Economic Outlook
Bernanke Testifies Before Joint Economic Committee On US Economic Outlook

Federal Reserve Board Chairman Ben Bernanke leaves after testifying at a hearing before the Joint Economic Committee Wednesday on Capitol Hill in Washington, D.C. Bernanke was on the Hill to give his views on the current economic outlook.

Federal Reserve Board Chairman Bernanke testifies before the Joint Economic Committee in Washington
Federal Reserve Board Chairman Bernanke testifies before the Joint Economic Committee in Washington

Federal Reserve Board Chairman Ben Bernanke testifies before the Joint Economic Committee in Washington May 22, 2013. REUTERS/Gary Cameron