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