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Federal Reserve Chairman Ben Bernanke speaks during a news conference in Washington, Wednesday, June 19, 2013. Bernanke. The Federal Reserve said Wednesday that it will maintain the pace of its bond-buying program to keep long-term interest rates at record lows. But it offered a more optimistic outlook for the U.S. economy and job market.
Susan Walsh/AP Photo

Fed suggests it's closer to slowing bond purchases

In a move that could send interest rates higher, Fed Chairman Ben Bernanke ended weeks of speculation Wednesday by saying the Federal Reserve will likely slow its bond-buying program this year and end it next year because the economy is strengthening.

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