2013-03-13 — econintersect.com
In Congressional testimony last week, Fed Chairman Ben Bernanke slipped several things in that no one much noticed. He said that the Fed might eventually choose to exit from its current monetary expansion binge, not by selling US government securities, but by letting them mature. He also said that the Fed might possibly keep interest or principal payments for itself.
Let's stop for a moment to consider what these two statements mean.
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