Ben Bernanke Explains The Thinking Behind Today's Historic Fed Decision

The Federal Reserve just unveiled historic policy measures as a result of its December policy meeting.

The Fed announced QE4 as expected, but it surprised markets by adopting quantitative thresholds tying monetary policy to a 6.5 percent unemployment rate target, as long as inflation stays below 2.5 percent.

Adoption of quantitative thresholds was thought by many to be introduced sometime in 2013.

Below is a record of the press conference Bernanke delivered after the decision and the Q&A that followed.



More From Business Insider
  •  
    Recent Quotes
    Symbol Price Change % ChgChart 
    Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
    You need to enable your browser cookies to view your most recent quotes.
  • Recent Quotes News

    •  
      Sign-in to view quotes in your portfolios.

    Trading Center

    Yahoo! Finance on Facebook

    POLL

    In the wake of the Washington state bridge collapse, would you support a tax hike for infrastructure projects?

    Loading...
    Poll Choice Options