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Federal Reserve continues economic stimulus program
(NEWSCHANNEL 3) - Stocks rallied to record highs after the Federal Reserve decided against reducing its economic stimulus program.
Fed Chairman Ben Bernanke said the Fed will continue to buy $85 billion a month in bonds until it seems more evidence of an improving economy.
He says there is "no fixed schedule" or "magic number" for when the fed will start to slow or end its bond purchases.
He only said the central bank wants to see more evidence that the economy is gaining strength.