Jun 192013

Still propped up by their bucks.  Keep hoping they concentrate on improving employment.  From HuffingtonPost.com:

At a press conference in Washington, D.C., to discuss the latest policy decision of the Federal Open Market Committee, the central bank’s monetary policy arm, Bernanke said the Fed has seen some improvement in the outlook for the economy recently. If the economy keeps getting better, Bernanke said, central bankers might by the end of the year slow the pace of their program to drive interest rates lower and boost the economy through bond purchases. This plan, commonly known as “quantitative easing,” or “QE,” currently amounts to $85 billion per month in purchases. Bernanke said the Fed would keep slowing bond purchases if economic data keep improving, with a view toward stopping them altogether some time in the middle of 2014.

Bernanke also added that, if the economic numbers don’t improve, then the Fed might not taper its bond purchases until later. And if things get worse, then the Fed might buy more bonds. Bernanke also emphasized that even a slower pace of bond buying is still stimulus, and that the Fed has no plans to actually raise its key policy interest rate, currently at zero, until at least 2015.