Bernanke defends Fed communication after QE surprise


Ben Bernanke was unapologetic about the Fed's communication strategy after the Federal Open Market Committee (FOMC) shocked markets by pledging to keep buying $85 billion worth of assets each month.

Going into the meeting the FOMC was widely expected to announce a reduction in the pace of its asset purchases by up to $20 billion per month. Unimpressed with recent economic data, however, the FOMC decided to maintain the status quo, leaving some observers complaining of more uncertainty than befor

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