Spreadbury: QE could last beyond 2015 despite Bernanke bombshell

The era of easy money may continue for another two years despite US Federal Reserve chairman Ben Bernanke's 'bombshell' announcement last month, according to Fidelity's Ian Spreadbury.

Fidelity's Strategic Bond fund manager (pictured) noted Bernanke's comments had caused a big spike in volatility, with bond yields jumping and equities falling sharply. The manager said the 22 May revelation that the Fed may start to taper QE later this year as a "bombshell" but said an exit from the programme would prove problematic. "It is going to be very, very difficult to exit from QE, so on a two-year view there is an 80% chance of it continuing," Spreadbury said. It only took Bernanke a few words to cause panic in markets. Speaking to Congress last month, he said that if eco...