When the facts change I change my mind, what do you do sir
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If Fed tapers bond buying, is end in sight? Maybe not
With the jobs market showing signs of healing, economists think they know what's next for monetary policy: the Federal Reserve will at some point taper its monthly bond purchases, and soon after, end them altogether. But perhaps they shouldn't be so sure. The Fed is currently buying $85 billion in mortgage-backed securities and Treasuries to inject more money into the economy to help boost growth and hiring. Friday's report of better-than expected jobs growth in February boosted speculation that the Fed may trim those purchases sooner than previously thought. The view that such a move is necessarily a prelude to the ... (full story)
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