Bernanke: Exit timing to depend on data

Date: Wednesday, February 10, 2010

BERNANKE: EXIT TIMING TO DEPEND ON DATA
Federal Reserve Chairman Ben Bernanke said in a statement Wednesday
the timing of the exit from the historically low interest rates would
depend on economic conditions but the Fed would be ready to do so.

DOLLAR UP AS BERNANKE HINTS AT DISCOUNT-RATE HIKE
The U.S. dollar extended gains versus the euro and reversed a loss
against the Japanese yen on Wednesday after Federal Reserve Chairman
Ben Bernanke said the central bank may raise its discount rate before
the more closely-watched target interest rate.

BERNANKE FEARS TOO LITTLE GROWTH, NOT TOO MUCH
For Fed chief Ben Bernanke, the problem is not too much growth, but not enough.

U.S. STOCKS FALL FURTHER ON BERNANKE'S EXIT PLAN
U.S. stocks deepen their losses after Federal Reserve Chairman Ben
Bernanke outlined, in written testimony, tools the central bank could
use when it decides to tighten credit.

N.Y. TIMES NET RISES; CEO IS CAUTIOUS ON ADS
The stock tumbles amid the publisher's cautious outlook about advertising
conditions.