Grumblings of Fed’s Taper; What Will Happen in Wake of Today’s FOMC Meeting?126 views 2013-06-19 00:56 Tags: blank current hearing members course
The wait is over. The Federal Reserve will conclude its Federal Open Market Committee (FOMC) meeting today and, of course, all of you will know what Chairman Ben Bernanke’s current thinking will be.
We have been hearing grumblings from other Federal Reserve members across the nation about how the voting members should consider tapering the Fed’s bond buying.
While there has been no timeframe offered, the overall feeling, including mine, is that the Federal Reserve must have an exit strategy in place.
The economy is showing signs of improving in consumer spending, gross domestic product (GDP) growth, the housing market, and manufacturing; albeit, the jobs market is still not at the level that the Federal Reserve wants to see.
Yet, as many of you are aware, I have been concerned about the flow of easy money, a flow that has helped to drive the global economy and stock markets.