USD Existing Home Sales 4.97M 4.99M 4.92M

Bernanke touts benefits of Fed easing, no hint of pullback

WASHINGTON | Wed May 22, 2013 3:04pm BST

May 22 (Reuters) - The Federal Reserve's monetary stimulus is helping the U.S. economy recover, and the central bank needs to see further signs of traction before taking its foot off the gas, central bank chairman Ben Bernanke said on Wednesday.

In testimony that offered no sign that he is ready to retreat from the Fed's latest round of bond buying, Bernanke emphasized the high costs of unemployment and inflation that continues to run below the central bank's target.

Spike on gold.

Bernanke's Q&A testimony to congressional panel

(Reuters) - Below are highlights of the question and answer session of Federal Reserve Chairman Ben Bernanke's testimony on the U.S. economy to the congressional Joint Economic Committee on Wednesday.

FTSE100 ends firmly higher with banks and miners strong

Can anyone confirm the previous high (1999), I think today's intraday high (6,875.62) may have beaten it.