Fed Officials Shake MarketThe broad indices all declined after two presidents of regional Federal Reserve banks made comments that could only have caused more confusion among investors over the timing of the central bank's expected change in monetary stimulus policy. The Federal Open Market Committee last Wednesday decided not to reduce the purchases of long-term bonds by the central bank, which have been running at a net rate of $85 billion a month since last September. Federal Reserve chairman Ben Bernanke said after the decision that "we could move later this year" to temper bond purchases.
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