orangeleader.com (Orange, Texas)

Local News

March 21, 2013

Fed says it will stick with aggressive stimulus

(Continued)

WASHINGTON —

Bernanke, whose second four-term term as chairman ends in January 2014, was asked whether he might stay on for another term. Doing so could allow him to manage the Fed's delicate transition from stimulating the economy to selling its vast investment portfolio and gradually raising interest rates to prevent inflation.

"I don't think I am the only person in the world who can manage the exit," Bernanke said. "With respect to my personal plans, I will certainly let you know when I have something more concrete."

 

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