Bernanke holds the line on Fed monetary policy

In a news conference, the Fed chairman said Wednesday that the U.S. economy continues to heal, but suggested that it is too soon to start tapering the central bank's $85 billion in monthly bond purchases. He also emphasized that monetary policy will continue to support growth even as the economy gathers strength.

But Bernanke said the slowdown in purchases could start "later this year." The Fed could pull the plug on the program in mid-2014, when unemployment is forecast to be 7 percent. He also reiterated the Fed's previous message that tapering does not amount to raising interest rates, noting that there would be a gap in time between when the Fed ends the bond program and the first rate hike. Most FOMC members see that initial rate increase taking place no earlier than 2015, the chairman said.

• Stocks gyrate as U.S. economy nears crucial test
• Nervous White House insists Bernanke isn't necessarily done
• Job growth rises slightly in May

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Shabby treatment by Obama.

Charlie Rose is such an incredible interviewer, im sure Obama's aides were nervous as hell to have him at the table

Looks like they've got his clone lined up in case he decides to turn off the gas.

Charlie Rose is such an incredible interviewer, im sure Obama's aides were nervous as hell to have him at the table

I am more concerned with the fallout from that than the Fed announcements last night.