Federal Reserve Chairman Ben Bernanke spoke yesterday evening at a Board of Governors conference in Washington, giving an update on the Fed's balance sheet. The Fed Chief reiterated the Federal Open Market Committee's (FOMC) latest policy statement last month that its accommodative policies will likely be warranted for an extended period. But Bernanke pointed out that, "At some point, however, as economic recovery takes hold, we will need to tighten monetary policy to prevent the emergence of an inflation problem down the road."
[Schwab Alerts, 10/9/09]
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