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Monday, November 25, 2013 6:58:29 AM
The Fed had stunned markets in September when it opted to keep buying bonds at the same pace, after allowing expectations to harden over the summer that it was getting set to taper. Yields on longer-term bonds, which had risen sharply on expectations of tapering, snapped back when the Fed opted to stick with the $85 billion pace.
Bullard said that when the Fed does eventually decide to start reducing bond purchases, markets would be better prepared.
"If we taper because we see a stronger economy, I think the markets will swallow that without a problem," he said.
Next meeting....
Policymakers of the Federal Open Market Committee are next scheduled to gather on December 17-18.
Of course we will keep printing money.. IMO, NO Tapering.
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