Bernanke’s Stress Test

Bernanke experiments with some forward guidance to steepen the yield curve and to moderate recent asset bubbles. The markets’ negative reaction suggests that an exit from QE probably remains some way off…
Fed offers path to winding down purchases, Financial Times, 19 Jun 2013
The Fed begins its long and gradual exit Gavyn Davies, FT, 20 Jun 2013
Tinker, taper The Economist, 22 Jun 2013
Bond yields threaten bank balance sheets, Financial Times, 25 Jun 2013