heute Morgen, kurz nach 8.30 Uhr New Yorker Zeit.
"Federal Reserve Chairman Ben S. Bernanke said the central bank’s asset purchases “are by no means on a preset course” and could be reduced more quickly or expanded as economic conditions warrant.
“If the outlook for employment were to become relatively less favorable, if inflation did not appear to be moving back toward 2 percent, or if financial conditions -- which have tightened recently -- were judged to be insufficiently accommodative to allow us to attain our mandated objectives, the current pace of purchases could be maintained for longer,” the 59-year-old Fed chairman said today in prepared testimony before the House Financial Services Committee.
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If the economy improved faster than expected, and inflation rose “decisively” back toward the central bank’s 2 percent target, “the pace of asset purchases could be reduced somewhat more quickly,” he said. Photographer: Andrew Harrer/Bloomberg
If the economy improved faster than expected, and inflation rose “decisively” back toward the central bank’s 2 percent target, “the pace of asset purchases could be reduced somewhat more quickly,” he said. The committee would also be prepared to increase the pace of purchases “for a time, to promote a return to maximum employment in a context of price stability.”
The Fed chairman’s remarks highlight the Federal Open Market Committee’s desire to assure that the economy and labor markets have sufficient momentum before reducing its $85 billion in monthly bond purchases. An increase in borrowing costs since the chairman first started discussing tapering purchases threatens to slow the four-year expansion.
Treasuries and stock futures rose after the testimony was released. The yield on the 10-year Treasury note fell to 2.51 percent at 8:37 a.m. in New York from 2.55 percent before the testimony. Futures on the Standard & Poor’s 500 Index expiring in September rose 0.2 percent to 1,674.40."
Quelle:
www.bloomberg.com/news/2013-07-17/...e-bernanke-testimony.html