Category Archives: QE3 taper
Philadelphia Fed President Charles Plosser is on the newswires indicating he’d like to see QE3 wound-down at a faster pace. This news probably shocks and worries many (especially in the investment business). However, I would not be surprised to see an increase in the QE3 taper announced at the March 19 FOMC meeting/press conference. March will likely see the QE3 program reduced from $65B to […] Read the rest of this entry
The Fed’s FOMC meeting has wrapped up and a statement has been posted. A cursory read of the statement shows the Fed will begin tapering QE3 in January. It will reduce its mortgage bond purchases from $40B to $35B per month, and reduce its Treasury purchases from $45B to $40B per month. Here’s a link to the Fed’s statement. The greatest stock market bubble […] Read the rest of this entry
Dallas Fed President Fisher gave a speech today. My favorite parts: The entire speech: http://www.dallasfed.org/news/speeches/fisher/2013/fs131209.cfm The party ends next year.
In an effort to calm international markets with the prospect of an initiation next spring – of a small and gradual reduction in the pace with which the Fed is spiking the punch bowl (QE3 taper) — Ben Bernanke indicated he would slowly begin a gradual process of moving the contents of his left pocket (loose change, tissues, car keys, and a movie ticket […] Read the rest of this entry