Stocks fell 1 percent in a volatile session on Wednesday, with losses accelerating after Federal Reserve Chairman Ben Bernanke said a reduction in the rate of stimulus could occur this year if the economy continues to improve.
The Federal Reserve will keep its version of the monetary printing press running a while longer, though Chairman Ben Bernanke provided hints Wednesday that the days of extreme easing are coming to a close.
On the surface, it appears that Chrysler did an about-face involving safety recalls on more than 1 million Jeep SUVs. But behind the scenes, Chrysler negotiated a much better deal with the government.
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