Is The Federal Reserve Wearing Blinders? |
| January 29, 2014 | January 2014 Bond Updates |
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At Chairman Bernanke’s last Federal Open Market Committee (FOMC) meeting, the FOMC decided to do the entirely predictable—continue to reduce the pace of asset purchases by $10 billion. The FOMC ignored (perhaps rightly) recent weak economic data and market volatility to continue its slowdown of asset purchases. Beginning in February, the Fed will purchase $65 billion in securities per month. Most likely, in March, it will cut that to $55 billion. |
| View more at: http://www.forbes.com/sites/brianjacobsen/2014/01/29/is-the-federal-reserve-wearing-blinders/ |
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