Fed taper not expected until next year
Top Federal Reserve officials look like they’ll wait until the new year to start reining in their efforts to stimulate the economy, The New York Times reports.
{mosads}Ben Bernanke, the Fed chairman, had predicted this year that the central bank would begin slowing its bond-buying program by the end of December. The most recent jobs report, which saw the unemployment rate fall to 7 percent, further boosted the argument of those who want the Fed to turn off the spigot.
But according to the Times, top Fed policymakers think it would be less harmful to take their time with the decision, as opposed to hitting the brakes too soon.
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