Janet Yellen and 3 prior heads of the US Federal Reserve on stage together as I type

More from Yellen:

  • Fed has laid out strategy to unwind balance sheet
  • Wants a substantially smaller balance sheet eventually
  • Fed rate rise occurred smoothly
  • Wants recovery to get more underway before unwinding
  • Will start unwinding assets when rates a bit higher

And, from Bernanke:

  • Unwinding balance sheet is very straight forward
  • QE has been a pretty successful policy

Headlines via Bloomberg