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Bernanke press conference: In a change to the Fed's exit policy (if it ever happens), the...

Bernanke press conference: In a change to the Fed's exit policy (if it ever happens), the chairman says a majority on the FOMC expects the Fed will not sell MBS, and will instead let the paper mature or get paid off. He reiterates that the unemployment rate falling to 6.5% will not automatically trigger a rate hike. The Fed could begin tapering asset purchases later this year if its economic forecasts are correct.
Comments (4)
  • wapiti
    , contributor
    Comments (711) | Send Message
     
    These 'egg heads" don't have a clue as how to exit QE or to see what a mess they have made of "free markets"
    19 Jun 2013, 02:42 PM Reply Like
  • tom_t
    , contributor
    Comments (273) | Send Message
     
    When are the Fed's economic forecasts ever correct?
    19 Jun 2013, 02:47 PM Reply Like
  • lower98th
    , contributor
    Comments (1420) | Send Message
     
    What I heard: We are gonna start exiting. Henceforth, the economic data will be presented in a way that supports it.
    19 Jun 2013, 02:49 PM Reply Like
  • mp0125
    , contributor
    Comments (16) | Send Message
     
    The Fed must and will gradually taper QE. This is the only sensible thing to do since anything else will kill the stock market which, at this time, is a major driver for our economic recovery engine. As the economy improves, tax revenue will increase and eventually if the government behaves and all goes well the debt will be brought down to reasonable levels. If this happens, we will get out of our current mess without extremely high levels of inflation. If this does not happen we will pay down our debt with inflated, cheap dollars.
    19 Jun 2013, 04:44 PM Reply Like
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