Bernanke says ending stimulus depends on unemployment data

Bloomberg via Getty Images

Federal Reserve Chairman Ben Bernanke says the central bank could begin phasing out bond buying this year. It won't completely end stimulus unless joblessness falls from 7.6% to 7% by this time in 2014, he said. If the job market or the broader economy falls back into a slump, the central bank is ready to stop its scale-down or increase efforts to support the recovery, he said.

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