In an article published today in the Wall Street Journal says that after the press release of the FMOC:
Fed officials have created new uncertainties, about how long they will keep with easy money.
In the news Conference after the FMOC meeting,Mr Bernanke seemed to have change his mind
on his guidance given in June,where he said that the bond buying program would end in 2014.
Now Mr Bernanke said ''Wednesday that he thought the decision not to begin pulling back on bond purchases was right given a weaker economy than the Fed expected a few months ago and one facing new threats from a fiscal showdown in Washington. He also said the Fed might still proceed with a pullback in the months ahead if the economy cooperates.
Fed officials have created new uncertainties, about how long they will keep with easy money.
In the news Conference after the FMOC meeting,Mr Bernanke seemed to have change his mind
on his guidance given in June,where he said that the bond buying program would end in 2014.
Now Mr Bernanke said ''Wednesday that he thought the decision not to begin pulling back on bond purchases was right given a weaker economy than the Fed expected a few months ago and one facing new threats from a fiscal showdown in Washington. He also said the Fed might still proceed with a pullback in the months ahead if the economy cooperates.
In his defense, Mr. Bernanke said that he has never said the Fed would start the pullback in September and that the decision always depended on the economy's vigor. "I don't recall stating that we would do any particular thing in this meeting," Mr. Bernanke said at the news conference.
