Tags: Ben Bernanke | Federal reserve | Taper | Bond Purchases

Bernanke: More Cuts in Bond Buying Likely Next Year

Thursday, 19 Dec 2013 07:17 AM

Chairman Ben Bernanke says the Federal Reserve's decision Wednesday to slow its bond purchases is a sign of progress and he expects the Fed to take "similar moderate steps" throughout next year to reduce the purchases further if the economy shows continued improvement.

Bernanke made the comments at a news conference after the Fed announced it would begin to reduce its bond purchases by $10 billion in January.

Still, Bernanke cautioned that the Fed's further reductions in the purchases remain dependent on data.

"When we are disappointed with the outcomes, we could skip a meeting or two; if things pick up, we could go faster," he said.

He noted that the economic recovery still remains far from complete and long-term unemployment remains a concern, he said.

Editor's Note: Ordinary Man Retires at 42. His Secret to Success . . .

© Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

   
1Like our page
2Share
Headline
Chairman Ben Bernanke says the Federal Reserve's decision Wednesday to slow its bond purchases is a sign of progress and he expects the Fed to take similar moderate steps throughout next year to reduce the purchases further if the economy shows continued...
Ben Bernanke,Federal reserve,Taper,Bond Purchases
140
2013-17-19
Thursday, 19 Dec 2013 07:17 AM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved