Saturday, February 1, 2014

More Taper, Ben Bernanke Announces Additional $10 Billion Taper

  • The Fed tapers QE an additional $10 Billion to $65 billion/month
  • In light of the cumulative progress toward maximum employment and the improvement in the outlook for labor market conditions, the Committee decided to make a further measured reduction in the pace of its asset purchases.
  • Beginning in February, the Committee will add to its holdings of agency mortgage-backed securities at a pace of $30 billion per month rather than $35 billion per month, and will add to its holdings of longer-term Treasury securities at a pace of $35 billion per month rather than $40 billion per month.

- Source, Silver Doctors:


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