Posts tagged ‘monetary policy’

Fed Moves Forward on the Taper, but Don’t Assume It’s a One-Way Street



On Wednesday, the Federal Reserve recognized the fundamental improvements in the U.S. economy and announced that, in January, it would begin paring back its bond-buying program by US$10 billion per month. This is the “taper” that everyone’s been talking about. The Fed had their first window…

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Don’t Fight the Fed and Don’t Combat Carney: Forward Guidance at the Bank of England



Mark Carney has really put his stamp of authority on the Bank of England (BoE). After just one month as the BoE’s new governor, he’s already shaking things up. At the latest meeting of the Monetary Policy Committee (MPC), he introduced forward guidance that would have been almost unimaginable…

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