These are Bernanke's words from the December news conference; If the incoming data broadly support the Committee's outlook for employment and inflation, we...
These are Bernanke's words from the December news conference; If the incoming data broadly support the Committee's outlook for employment and inflation, we will likely reduce the pace of securities purchases in further measured steps at future meetings. Of course, continued progress is by no means certain. Consequently, future adjustments to the pace of asset purchases will be deliberate and dependent on incoming information. Given that the Fed decision to commence tapering was made over a long period of time and based on economic inertia rather than once off prints I don't expect the NFP figures to result in an immediate change in policy plans. It will be interesting to see how this recent print sits in the context of future economic releases.
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