Getting your player ready...
WASHINGTON — The delicate task ahead for the Federal Reserve and other central banks is deciding when to start boosting interest rates and reeling in all the stimulus pumped out during the global financial crisis, Fed Chairman Ben Bernanke said Sunday.
Bernanke, however, didn’t provide any new clues on that front. As is typically the case in the early stages of an economic recovery, central bank officials “will have to weigh the risks of a premature exit against those of leaving expansionary policy in place for too long,” Bernanke said in prepared remarks to a conference sponsored by the Bank of Korea in Seoul, South Korea.
