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.
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