Bernanke blathers about banking ... FT tackles Fed statement language
"The US central bank has stuck with the “extended period” phrase – indicating policymakers see little likelihood that interest rates will rise over a time frame that has never been defined, but some see as at least six months.
"But now senior officials are starting to mull changing the statement in a way that would soften this guidance. That would be a natural step in the slow glide- path towards eventual policy normalisation.
"Importantly, however, it would also give the central bank greater flexibility to respond to inflation risks if they escalate in a way the Fed does not expect but cannot rule out."