Bernanke Outlines How to Tighten Rate Policy, but Not When - NYTimes.com

Bernanke Outlines How to Tighten Rate Policy, but Not When - NYTimes.com

Fed Chief Bernanke says, “Although at present the U.S. economy continues to require the support of highly accommodative monetary policies, at some point the Federal Reserve will need to tighten financial conditions by raising short-term interest rates and reducing the quantity of bank reserves outstanding,” he wrote.

“We have spent considerable effort in developing the tools we will need to remove policy accommodation, and we are fully confident that at the appropriate time we will be able to do so effectively.”

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