“Federal Reserve Chairman Ben Bernanke strongly defended the U.S. central bank’s bond-buying stimulus before Congress on Tuesday, easing worries monetary policymakers might be getting cold feet.  The Fed chairman also urged lawmakers to avoid sharp spending cuts, which he warned could [..] create a ‘significant headwind’ for the economic recovery.  Bernanke said Fed policymakers are cognizant of potential risks from their extraordinary support for the economy, including the possibility the public loses confidence in the central bank’s ability to unwind its stimulus smoothly or the potentially destabilizing effect of low rates on key markets.”

http://www.reuters.com/article/2013/02/26/us-usa-fed-idUSBRE91P03T20130226

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