Bernanke Policy Credibility Seen Outlasting His Fed Term

http://www.bloomberg.com/news/2012-09-13/bernanke-policy-credibility-seen-outlasting-his-fed-term.html

The end of Ben S. Bernanke’s term as Federal Reserve chairman in January 2014 hasn’t stopped investors from betting the central bank will hold the benchmark interest rate close to zero into the following year. Bernanke has come under attack from Republican presidential candidate Mitt Romney, who said he won’t reappoint the Fed chairman and criticized his policies as ineffective and a threat to price stability.

The Federal Open Market Committee plans to release a statement today after a two-day meeting in Washington. The Fed will release policy makers’ forecasts for unemployment, inflation and the expected path of the federal funds rate over the next several years.