A divided Fed wrestles with when to slow bond buys

Latest News Stories

Federal Reserve Chairman Ben Bernanke listens as he testifies on Capitol Hill in Washington, Wednesday, May 22, 2013, before the Joint Economic Committee hearing on "The Economic Outlook" . Bernanke told Congress Wednesday that the U.S. job market remains weak and that it is too soon for the Federal Reserve to end its extraordinary stimulus programs. (AP Photo/Manuel Balce Ceneta)

More from this Slideshow

0 of 0

A divided Fed wr... Federal Reserve Chairman Ben Bernanke listens as he testifies on Capitol Hill in Washington, Wednesday, May 22, 2013, before the Joint Economic Committee hearing on "The Economic Outlook" . Bernanke told Congress Wednesday that the U.S. job market remains weak and that it is too soon for the Federal Reserve to end its extraordinary stimulus programs. (AP Photo/Manuel Balce Ceneta)
Restaurant learn... This Monday, May 20, 2013 photo shows Amy's Baking Company in Scottsdale, Ariz. After a particularly ugly TV experience, Amy's is fighting back and trying to raise awareness for cyber-bullying. They are doing this after they cursed out critics of their TV experience on their Facebook page. The restaurant temporarily closed down their Scottsdale restaurant after the “Kitchen Nightmares” episode aired. (AP Photo/Matt York)
Man shot to deat... This May 4, 2013 police photo provided by the Orange County Corrections Department in Orlando, Fla., shows Ibragim Todashev after his arrest for aggravated battery in Orlando. Todashev, who was being questioned in Orlando by authorities in the Boston bombing probe, was fatally shot Wednesday, May 22, 2013 when he initiated a violent confrontation, FBI officials said. (AP Photo/Orange County Corrections Department)
Polish man gets ... EDS NOTE GRAPHIC CONTENT -In this picture provided by the Cancer Center and Institute of Oncology in Gliwice, Poland, a 33-year-old Polish man whose face was torn off by stone-cutting machinery is shown after undergoing a total face transplant. Doctors performed the surgery on May 15 in a 27-hour operation. In a news conference on Wednesday they said it was the first time a life-saving face transplant was carried out soon after a recipient suffered damage. There have been several other transplants in recent years but in those cases doctors had months or years to prepare. The Polish patient suffered his accident on April 23, 2013.(AP Photo/Cancer Center and Institute of Oncology in Gliwice)
UK officials: Ra... A tent is erected near the scene of an attack in Woolwich southeast London Wednesday, May, 22, 2013. British officials said one person has died and at least two people have been wounded in an attack in southeast London. Scotland Yard said officers responded to reports of an assault Wednesday afternoon in the London neighbourhood of Woolwich. London Ambulance service said one man was found dead at the scene and two other men were taken to the hospital, with one in serious condition. (AP Photo/Alastair Grant)
Who else took th... FILE - In this Dec. 18, 1986 file photo, Oliver North is sworn in on Capitol Hill in Washington prior to testifying before the House Foreign Affairs Committee. Lois Lerner of the IRS joins a diverse roll call of people who have invoked their Fifth Amendment right not to answer lawmakers’ questions over the years. North cited his Fifth Amendment rights and refused to answer committee question availing the Iran arms sale. (AP Photo/J. Scott Applewhite, File)
Arias jury deadl... Judge Sherry Stephens urges the jury to continue deliberating after the jury delivered a message that they are deadlocked on a penalty for Jodi Arias on Wednesday, May 22, 2013 during the penalty phase of her murder trial at Maricopa County Superior Court in Phoenix. Arias was convicted of first-degree murder in the stabbing and shooting to death of Travis Alexander. (AP Photo/The Arizona Republic, Rob Schumacher, Pool)
Median CEO pay r... FILE -In this Tuesday, Sept. 12, 2006, file photo, Leslie Moonves, left, president and chief executive officer of CBS, talks with PBS host Charlie Rosein Beverly Hills, Calif. CEO pay has been going up, The highest paid CEO in 2012 was Leslie Moonves of CBS, who made $60.3 million. (AP Photo/Reed Saxon, File)
Key House chairm... FILE - In this May 20, 2013 file photo, Senate Judiciary Committee Chairman Patrick Leahy, D-Vt., left, confers with Sen. Chuck Schumer, D-N.Y., center, and Sen. Dianne Feinstein, D-Calif., as the Senate Judiciary Committee assembled to work on a landmark immigration bill to secure the border and offer citizenship to millions, on Capitol Hill in Washington. Leading senators working on immigration legislation reached a compromise Tuesday on the details of an expanded high-tech visa program, officials said as the Senate Judiciary Committee neared completion of its work on the measure. At the same time, several officials said the White House has made it known to Leahy that it would prefer postponing a showdown over the rights of same sex spouses until a vote in the full Senate. (AP Photo/J. Scott Applewhite, File)
Greuel thanks su... Los Angeles Mayoral candidate Eric Garcetti votes early Tuesday morning, May 21, 2013, in Los Angeles. Garcetti faces Wendy Greuel in a mayoral runoff. After months of buildup and millions of dollars spent on a blizzard of television ads and mailers, Los Angeles voters went to the polls Tuesday to choose between Garcetti and Wendy Greuel. (AP Photo/Damian Dovarganes)
Oklahoma tornado... Debris litter a park adjacent to a neighborhood which was destroyed Monday when a tornado moved through Moore, Okla., Wednesday, May 22, 2013. The huge tornado roared through the Oklahoma City suburb, flattening a wide swath of homes and businesses. (AP Photo/Brennan Linsley)
Bernanke signals... Federal Reserve Chairman Ben Bernanke testifies on Capitol Hill in Washington, Wednesday, May 22, 2013, before the Joint Economic Committee hearing on "The Economic Outlook" . Bernanke told Congress Wednesday that the U.S. job market remains weak and that it is too soon for the Federal Reserve to end its extraordinary stimulus programs. (AP Photo/Manuel Balce Ceneta)
Iran's Ahmadinej... In this picture taken on Saturday, May 11, 2013, Iranian President Mahmoud Ahmadinejad, left, and his close ally Esfandiar Rahim Mashaei wave to journalists as they arrive at the election headquarters of the interior ministry for registering Masheaei's candidacy for the upcoming presidential election, in Tehran, Iran. By now, President Mahmoud Ahmadinejad is well accustomed to enduring blows from Iran's ruling clerics as his reputation fell from favored son to political outcast. But their intended parting shot _ barring his chief aide from the presidential race _ may be just the opening act in Ahmadinejad's reinvention as a self-styled opposition force. (AP Photo/Ebrahim Noroozi)
One block: How n... Kevin Metz shows holds up a stopped clock he found in the rubble of his father's home in Moore, Okla., on Tuesday, May 21, 2013. Monday's EF5 tornado destroyed Wayne Osmus' home and much of the Oklahoma City suburb. (AP Photo/Allen Breed)
Syrian oppositio... This Tuesday, May 21, 2013 citizen journalism image provided by Edlib News Network, ENN, which has been authenticated based on its contents and other AP reporting, shows a Syrian rebel firing locally made shells made from gas cylinders against the Syrian forces, in Idlib province, northern Syria. Syria's main opposition group is urging rebels to come from around the country to reinforce Qusair, a western town under attack by Syrian troops and members of Lebanon's Hezbollah group. (AP Photo/Edlib News Network ENN)
Fox show brings ... This undated publicity image released by Fox shows employees of Velocity Merchant Services (VMS) in Downers Grove, Ill., in a scene from the reality workplace series, "Does Someone Have to Go?" The network will begin airing a nonfiction show where employees of small businesses are compelled to rat out underperforming colleagues and put their jobs at risk. The series premieres Thursday, May 23 at 8 p.m. EST on Fox. (AP Photo/Fox
IRS official Ler... IRS official Lois Lerner is sworn in on Capitol Hill in Washington, Wednesday, May 22, 2013, before the House Oversight Committee hearing to investigate the extra scrutiny IRS gave to Tea Party and other conservative groups that applied for tax-exempt status. Lerner told the committee she did nothing wrong and then invoked her constitutional right to not answer lawmakers' questions. (AP Photo/Carolyn Kaster)
Woods: Garcia co... In this photo made May 12, 2013, Sergio Garcia, of Spain, left, shakes hands with Tiger Woods at the end of the third round of The Players championship golf tournament at TPC Sawgrass in Ponte Vedra Beach, Fla. Garcia apologized to Woods on Wednesday, May 22, 3013, for saying he would have "fried chicken" at dinner with his rival, a comment that Woods described as hurtful and inappropriate. (AP Photo/Gerald Herbert)
Kerry: US, allie... U.S. Secretary of State John Kerry gestures during a joint a news conference with Jordan's Foreign Minister Nasser Judeh in Amman, Jordan, Wednesday, May 22, 2013. (AP Photo/Jim Young, Pool)
North Korean lea... In this photo provided by China's official Xinhua News Agency, Wang Jiarui, right, the head of the Chinese leadership's international affairs office, meets with North Korea's Vice Marshal Choe Ryong Hae, a senior Workers’ Party official and the military’s top political officer, left, in Beijing, Wednesday, May 22, 2013. North Korean leader Kim Jong Un veered from threats of nuclear war to tentative diplomacy by sending a trusted confidant to China on Wednesday, a high-profile outreach to Beijing’s new leadership at a time of strained ties between the allies. (AP Photo/Xinhua, Ding Lin) NO SALES
2 infants among ... This aerial view shows an entire neighborhood destroyed by Monday's tornado, Tuesday, May 21, 2013, in Moore, Okla. A huge tornado roared through the Oklahoma City suburb Monday, flattening entire neighborhoods and destroying an elementary school with a direct blow as children and teachers huddled against winds. (AP Photo/Tony Gutierrez)
US home sales ti... In this Tuesday, April 2, 2013, photo, Sam and Liz Weidner, of Hudsonville, Mich., view a home for sale in Lowell, Mich. The National Association of Realtors reports on sales of previously occupied homes in April on Wednesday, May 22, 2013. (AP Photo/Paul Sancya)
Anthony Weiner l... FILE - In this June 16, 2011 file photo, Anthony Weiner speaks at a news conference in New York. The Democratic ex-congressman who resigned over raunchy tweets said late Tuesday, May 21, 2013, that he's in the New York City mayoral race. Although the field is crowded for September's primary, Weiner is arriving with some significant advantages, including a $4.8 million campaign war chest, polls showing him ahead of all but one other Democrat, and no end of name recognition. (AP Photo/Seth Wenig, File)
Trial for captai... FILE -- In this photo from files taken in Naples on Jan. 30, 2013, Captian Francesco Schettino speaks to the media. The Italian captain of the Costa Concordia cruise ship was ordered on Wednesday to stand trial for manslaughter in the luxury liner's shipwreck off the coast of Tuscany, which killed 32 people. Judge Pietro Molino, at a closed door hearing in the town of Grosseto, agreed to prosecutors' requests that Francesco Schettino should be tried on charges of manslaughter, causing the shipwreck and abandoning the vessel while many of the 4,200 passengers and crew were still aboard. (AP Photo/Salvatore Laporta)
AP Interview: Ro... FILE - In this Friday, Feb. 1, 2013 file photo International Olympic Committee (IOC) President Jacques Rogge speaks during a press conference in Seoul, South Korea. IOC President Jacques Rogge said in an interview Wednesday May 22, 2013 with The Associated Press, Olympic officials have agreed that more targeted, out-of-competition testing is needed in the fight against doping. (AP Photo/Ahn Young-joon, File)
GOP questions IR... Coalition for Life of Iowa president Sue Martinek holds a sign in her home, Tuesday, May 21, 2013, in Cedar Rapids, Iowa. When the Coalition applied for tax-exempt status in 2008, the tiny group thought getting IRS approval would be easy. But the group faced months of delay, was ordered to provide details about its prayer events outside the local Planned Parenthood clinic, and even directed to sign a sworn statement pledging it would not organize protests there. (AP Photo/Charlie Neibergall)
7 Egyptian secur... This image made from video broadcast on Egyptian State Television shows members of the Egyptian security forces after their release by kidnappers, in Cairo, Egypt, Wednesday, May 22, 2013. Six Egyptian policemen and a border guard kidnapped by suspected militants in the volatile Sinai Peninsula last week were freed by their captors Wednesday after successful mediation, the country's military spokesman said. (AP Photo/Egyptian State Television) EGYPT OUT
Government suppo... Spain's Prime Minister Mariano Rajoy attends a meeting with small companies in central Madrid
Hamas rebuffs Ar... Palestinians hold a placard depicting senior Hamas leader Haniyeh during a rally in Nablus
Job market resil... People wait in line to meet a job recruiter at the UJA-Federation Connect to Care job fair in New York
Obama tells Mexi... U.S. President Obama delivers a speech during his visit to Mexico City
Hungary court al... Marton Gyongyosi, a leader of Hungary's third-strongest political party Jobbik, attends an interview with Reuters in Budapest
Column: The glob... U.S President Obama speaks beside Mexico's President Enrique Pena Nieto (not pictured) during a news conference after attending
Muslims in Myanm... Muslim men from Win Kite village look from behind the fence which residents built to protect their village from mob attacks
Taking sides in ... Massarwa attends a remand hearing at court near Tel Aviv
Dozens dead as A... Smoke rises after what activists said was shelling by forces loyal to Syria's President Bashar al-Assad in Homs
EU sees deeper e... People walk past the shop window of a jewelry store in central Barcelona
Prosecutor in Bh... Security officials inspect the damaged car, which prosecutor Chaudhry Zulfikar was travelling in, when he came under attack by u
Obama blesses Me... U.S. President Obama alights from Air Force One as he begins his visit to Mexico City
Engineer who war... File picture shows people rescuing garment workers trapped under rubble at the Rana Plaza building after it collapsed, in Savar
Analysis: TPG-Ax... An electronic display identifies the post that trades SandRidge Energy stock on the floor of the New York Stock Exchange
Exclusive: At Te... File picture shows the burning remains of a fertilizer plant after an explosion at the plant in the town of West, near Waco, Tex
North Korea coul... A North Korean nuclear plant is seen before demolishing a cooling tower in Yongbyon
Analysis: Doubli... U.S. President Barack Obama nominates Pritzker and Froman at White House in Washington
U.S. seeks North... An undated still image of a video footage shows a portrait of U.S. citizen Kenneth Bae
States balk at m... President Obama's fiscal 2014 budget proposal is released and distributed to Senate staff members on Capitol Hill in Washington
FBI releases pho... The U.S. Consulate in Benghazi is seen in flames during a protest
Gaddafi's son Sa... Still image taken from video of Saif al-Islam, son of deposed Libyan leader Muammar Gaddafi, sitting behind bars in Zintan
U.S. rethinking ... U.S. Defense Secretary Hagel and British Defense Secretary Hammond hold a joint news conference at the Pentagon in Washington
Obama rounds out... U.S. President Barack Obama announces new nominees at the White House in Washington
Analysis: Canadi... Cranes stand at various condominium developments in Toronto
The Daily Beast The Daily Beast brings the essential in news and commentary, culture and entertainment. It's a sharp and speedy edit of the web with original reporting and breaking news from a wonderfully diverse group of contributors. The Daily Beast is the omnivorous friend who hears about the best stuff and forwards it to you with a twist.