Highlights from Bernanke’s press conference:

  • FOMC sees growth risks more nearly balanced
  • Recent data have increased confidence that labor market gains will continue
  • Continued progress on Fed goals ‘by no means certain’
  • Future adjustments to QE pace will be ‘deliberate’
  • Low inflation another reason to keep policy accommodative

There was some talk about the Fed offering a roadmap to the end of QE, it doesn’t sound like that will happen.

Bernanke press conference Dec 18 wide angle

Update:

  • Asset purchases are not on a pre-set course