Wednesday, December 18, 2013

Helicopter Ben initiates taper in one of his last acts in office

On Dec. 18, as Federal Reserve Chairman Ben Bernanke prepares to pass the torch to underling Janet Yellen, the man responsible for QE 4EVA has initiated a small taper on the central banks bond buying program, and will remove $10 billion monthly from their toxic asset purchases.

*FED TAPERS QE TO $75 BLN MONTHLY PACE, STARTING IN JANUARY

*FED SAYS `FURTHER MEASURED STEPS’ POSSIBLE ON TAPERING
*FED: EXCEPTIONALLY LOW RATES UNTIL JOBLESS FALLS WELL PAST 6.5%


Read more on this article here...

0 comments:

Post a Comment