News Headline Summary

Fed's Bernanke says committee expects unemployment threshold will not be reached before mid 2015

Says:
- Committee believes will need to move away from highly accommodative stance before reaching full employment.
- Will have to tighten before reaching full employment.
- Reaching threshold will not trigger tightening.
- Fed policy maker economic projections assume fiscal cliff will be resolved.
- Today's decision is a continuation with what was expressed in September.
- Enlarging the balance sheet is not the biggest form of stimulus.
- Fed doesn't have tools to offset fiscal cliff.

12 Dec 2012 - 20:22 - Fixed Income Bank Speaker - Source: Newswires

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