Fed Chief Leaves In Doubt ‘Right Time’ For Tightening

Federal Reserve Chairman Ben Bernanke promised Wednesday that the Fed will tighten monetary policy “at the appropriate time,” but when that moment will come remains anyone’s guess. Bernanke, talking to journalists following a Federal Open Market Committee monetary policy meeting for the first time ever, echoed the FOMC statement in stating that commodity-driven increases in headline inflation will probably prove “transitory,” while vowing to carefully monitor both inflation and inflation expectations. – iMarketNews