WASHINGTON (AP) - Federal Reserve Chairman Ben Bernanke says the delicate task ahead for the Fed 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.
Bernanke isn't providing any new clues on when the Fed will boost rates.
The Fed chief says that central bank officials will have to weigh the risks of a premature exit against those of leaving expansionary policy in place for too long. He says that balancing act is typical in the early stages of an economic recovery.
Bernanke makes the comments in a prerecorded speech prepared for delivery via a video link to a financial conference in Seoul, South Korea.
|Get the ingredients you need to cook with Rach all week long.|
|Full length exclusive concerts from hot artists.|
|Take a break!
Classic Pacman, Frogger, Asteroids and more.
Sell almost anything locally.