New Fed Chairperson Yellen - signals that Tapering will continue and likely end by fall..... Friday, 28 February, 2014 8:30 AM
Posted by Kevin Scully In her testimony to the US Senate Banking Commitee, Fed Chairperson Yellen indicated overnight that "Tapering" or the trimming or reduction in the Fed's bond buying program will continue and likely end by the fall. This was despite recent soft economic data which many including US regulators have attributed to unusual weather. This same weather actually caused the postponement of her testimony to the Senate.
She expressed the view that although US unemployment was far from a satisfactory level it was improving. The latest unemployment rate data shows the figure at 6.6%. On the economy, she expects the US economy to continue to expand at a moderate rate in 2014.
Comment:
Nothing new here. The start of Tapering and the ending of ...
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