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The Tapered Taper Caper

January 29th, 2014 - 11:27 am

With Janet Yellen at the helm, it’s Full Speed Ahead on QE:

The ultimate question: Does the granddaddy of all central banks still have control?

With the Federal Reserve due to make a monetary decision at 2 p.m. today, its yearlong dance with a global market obsessed with its fine-tuning of U.S. monetary liquidity arrives at an extremely difficult phase — an especially awkward pirouette, perhaps.

Does the Fed press ahead with its plan to remove another $10 billion from its monthly bond-buying program and so maintain an image of predictability in a sea of tumult? Or would that risk an even bigger panic by investors, who fret about the end of a long period of near-free money, and force it to make a credibility-challenging reversal in the days or weeks ahead?

Sharp VodkaPundit Readers™ have been expecting unending loosey-gooseyness since Yellen got the nod last fall.

QE today, QE tomorrow, QE forever.

All Comments   (1)
All Comments   (1)
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If QE were to halt, the economic indicators would start to really reflect the real state of the economy . Wall st hopes for continuing QE and will let the "folks" bear the inflationary burden.
11 weeks ago
11 weeks ago Link To Comment
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