Bernanke on exit strategies
"Overall, the Federal Reserve has many effective tools to tighten monetary policy when the economic outlook requires us to do so. As my colleagues and I have stated, however, economic conditions are not likely to warrant tighter monetary policy for an extended period. We will calibrate the timing and pace of any future tightening, together with the mix of tools to best foster our dual objectives of maximum employment and price stability."
What do you think? Do you think Bernanke will really live up to his word? Or do you think we'll end up with another disaster like Greenspan's too little, too late hiking strategy in 2004-2005 (which helped ignite the final leg in the housing bubble)?