Bernanke Says Fed Will Review Exit Strategy Sometime Soon

Federal Reserve Chairman Ben S. Bernanke said the central bank will soon conduct of a review of its strategy for an exit from record monetary easing.

“We haven’t done a new review of the exit strategy yet I think we will have to do that sometime soon,” Bernanke said in Washington today in response to questions from members of the House Financial Services Committee.

He said he thought the “basic outline” of the existing strategy would hold. “The one thing we could do differently is hold some of the securities a little longer,” he said. “We could just let them run off.”

To contact the editor responsible for this story: Chris Wellisz at cwellisz@bloomberg.net

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