Just out from the NYT’s Fed watcher Appelbaum:
Fed’s Plan to Taper Stimulus Effort Not Expected Until Next Year
Federal Reserve officials are in no hurry to retreat from their bond-buying campaign to stimulate the economy and are likely to postpone any cuts to the program until next year, according to public statements by Fed officials and interviews with some of them.
Job growth has strengthened in recent months, and Fed officials expect continued improvement in the coming year. The Fed’s chairman, Ben S. Bernanke, predicted in June that the Fed would taper its purchases by the end of this year, and officials say they still could announce such a cut next week, when the Fed’s policy-making committee is scheduled to hold its final meeting of the year.
But influential Fed officials see little harm in postponing the decision, particularly compared with the risks of pulling back too soon…
Read the whole story at : www.zerohedge.com/link to original article
Lucas 2012 Infos 