The reaction of U.S. bond yields to talk of the taper is unexpectedly "outsized" says...


The reaction of U.S. bond yields to talk of the taper is unexpectedly "outsized" says Minneapolis Fed chief Kocherlakota. Echoing the St. Louis Fed's Jim Bullard (who dissented at the FOMC meeting; Kocherlakota is a nonvoter this year), Kocherlakota says it's a mistake to talk about dates for any timing as economic data must drive policy decisions. The 2% inflation target needs to be protected from the downside as well as the upside.

Comments (1)
  • nafar
    , contributor
    Comments (333) | Send Message
     
    Will it not be good that Fed tapers buying in 12 months period irespective what GDP growth figures are. What is important that Fed do not sell back TBS and TBs to banks till such time interest rate is moved up. The money pumped in the economy may gradually help in bouncing back the growth of 3 to 4 %.
    26 Jun 2013, 10:33 AM Reply Like
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