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Lo29° Patchy Fog then Snow and Patchy Fog

Washington's Birthday

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Bernanke completes final act, bows out to investors’ applause

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WASHINGTON — In his final performance, Ben Bernanke rewrote the script.

Investors had been on edge for months about when the Federal Reserve might slow its economic stimulus. A pullback in the Fed’s bond purchases, they feared, could jack up interest rates and whack stocks. Bernanke’s mere mention of the possibility in June had sent stocks tumbling.

So on Wednesday, Bernanke showed something he’d learned from leading the Fed and addressing the public for eight years: Tough news goes down…

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