Econ Comments & Analysis
Forbes | We Don't Need 'Tapering,' We Need Full Termination Of QE3
Although philosopher George Santayana died in 1952, he seemed to understand the Federal Reserve’s current quantitative easing (QE) program. After all, it is Santayana that said, “Fanaticism consists of redoubling your effort when you have forgotten your aim.”
Blogs
WSJ | Taper Scorecard: What Fed Officials Are Saying
Among the biggest questions at the Federal Reserve these days is when it will begin scaling back, or “tapering,” its $85 billion-per-month in bond purchases. Fed officials are divided over when to start, ranging from some who want to continue until they see more economic gains to those who opposed the program from the start and are eager to start winding it down.
