Federal Reserve Chairman Ben Bernanke is back with his balancing act on future policy.
The head of the US central bank is testifying to Congress this week, very well aware that what he says moves markets.
Previously investors turned jittery and hit the sell button when they interpreted his comments as meaning the end was nigh for Fed stimulus money printing.
He told the House of Representatives Financial Services Committee
that the US central bank still expects to start scaling back its massive asset purchase programme later this year, but left open the option of changing that plan in either direction if the economic outlook shifted.
“Our asset purchases depend on economic and financial developments, but they are by no means on a preset course,” Bernanke said.