July 14, 2014

Theri View | Good news from the Fed

The Federal Reserve’s unconventional “quantitative easing” strategy will not turn into a “QE-ternity” after all. Many a Wall Street wag had suggested that might happen after then-Fed Chairman Ben Bernanke announced an indefinite program of $40 billion per month in asset purchases in September 2012. But on Wednesday the Fed released minutes of its internal discussions showing that the central bank, under new Chair Janet Yellen, plans to stop quantitative easing in October.

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