Fed Could Slow Bond Selloff

WASHINGTON—The Federal Reserve is potentially years away from ending its easy-money policies and tightening credit, but Chairman Ben Bernanke said central bank officials could alter their strategy for what to do when that time comes.

Testifying on Capitol Hill Wednesday, Mr. Bernanke said the Fed could decide to sell its mortgage-backed securities more slowly than previously planned, or even avoid selling them altogether and instead allow them to mature.

In June 2011, the Fed had said its exit strategy would be to sell off those securities over a period of three to five years, after the central bank started raising ...

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