Bernanke Says Thresholds Make Fed More Transparent
Dec. 12 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke speaks about the central bank's monetary policy, the U.S. economy and fiscal policy.
He speaks at a news conference in Washington after a meeting of the Federal Open Market Committee. The Fed for the first time linked the outlook for its main interest rate to unemployment and inflation, and said it will expand its asset purchase program by buying $45 billion a month of Treasury securities starting in January to spur the economy. (Source: Bloomberg)