More hints that “the taper” (the reduction of asset purchases) could begin later this year if current economic trends hold.
At Bernanke’s press conference he put it this way.
Bernanke: If forecast holds, “appropriate to moderate the pace of purchases later this year,” ending mid-2014.
— Binyamin Appelbaum (@BCAppelbaum) June 19, 2013
For full coverage of the press conference, see here.
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