Bernanke: Fed committed to QE as long as needed

FXstreet.com (Barcelona) - In a speech to the National Economists Club in New York, Bernanke said the Fed remains committed to maintaining highly accommodative polices for as long as they are needed.

Key headlines crossing the wires

"US economy still far from where we would like it to be, may be some time before Fed policy turns normal."

"Agrees with Yellen that surest path to more normal monetary policy is to do all we can to promote robust recovery."

"Fed still expect labor market to continue to improve, inflation to move toward 2% goal over medium term."

"If these views supported by incoming data, Fed will likley to begin to moderate pace of bond buying."

"Asset purchases not on a pre-set course, pace of buying contingent on Fed’s economic outlook."

"Fed will take efficacy and costs of bond buying into account."

"Rates may stay near zero for considerable time after bond buys end, perhaps well after unemployment falls below 6.5%, so long as inflation remains well behaved."

"Since September meeting financial markets now more consistent with Fed’s forward guidance on rate hikes
Bernanke in New York."