Bernanke Outlines End to Easing Unprecedented in Fed’s 100 Years

Bernanke Outlines End to Easing Unprecedented in Fed’s 100 Years

Andrew Harrer/Bloomberg

The chairman’s description of the end of quantitative easing indicates that Fed officials see the economy finally healing from a burst credit bubble that deflated housing prices by 35 percent over almost six years, left one in 10 American workers unemployed in October 2009 and prompted the biggest overhaul of financial regulation since the 1930s.