Yellen Signals She’ll Continue QE Undeterred by Risk of Bubbles

[princess_morbucks]

http://www.bloomberg.com/news/2013-11-14/yellen-says-it-s-imperative-to-promote-a-strong-recovery.html

[princess_morbucks]

http://www.businesstimes.com.sg/breaking-news/world/bernanke-fed-committed-easy-policy-long-needed-20131120

[WASHINGTON] Federal Reserve Chairman Ben Bernanke said on Tuesday the Fed will maintain ultra-easy US monetary policy for as long as needed and will only begin to taper bond buying once it is assured that labour market improvements would continue.
In a speech to the National Economists Club that echoed dovish comments by his nominated successor, Janet Yellen, Mr Bernanke also said that while the economy had made significant progress, it was still far from where officials wanted it to be. "The FOMC remains committed to maintaining highly accommodative policies for as long as they are needed," he said in prepared remarks, referring to the policy-setting Federal Open Market Committee. "I agree with the sentiment, expressed by my colleague Janet Yellen at her testimony last week, that the surest path to a more normal approach to monetary policy is to do all we can today to promote a more robust recovery," he said.
President Barack Obama nominated Yellen, the Fed's current vice chair, to replace Bernanke when his terms ends on Jan 31.
The Senate Banking Committee, which held a hearing for Ms Yellen last week, will vote on her nomination on Thursday to pass it to the full Senate for consideration. She is expected to win confirmation with relative ease.