Fed to keep cards close to the chest on taper

Fed to keep cards close to the chest on taper

The Federal Reserve has signaled that it will slow its asset purchases as the U.S. economy continues to recover.

But the Fed has not offered any clues as to when it will begin “tapering” its so-called quantitative easing program, which is currently absorbing about $80 billion in U.S Treasuries and about $40 billion in agency mortgage-backed securities each month.

The Federal Open Market Committee will meet Tuesday and Wednesday to check in on its monetary policy stance, which has been


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