Fed: Growth Was `Modest to Moderate'

Fed: Growth Was `Modest to Moderate' Play

July 17 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke said the central bank’s asset purchases "are by no means on a preset course" as he sought to tamp down an increase in borrowing costs that threatens to slow the economic expansion. Peter Cook reports on Bloomberg Television's "Money Moves." (Source: Bloomberg)

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