Evans: Taper could come next month ... or maybe next year

How's this for forward guidance: Leading Fed dove Charles Evans says there's a chance the taper begins in October, but he wouldn't be surprised if it didn't. It might just as easily begin in December or next year, he adds. He personally would like to have more confidence in GDP growth before initiating the taper, and said he voted against a September move because of the labor market outlook and the lack of robust growth.

His comments come from a speech and interview in Norway today.

Comments (10)
  • Ted Bear
    , contributor
    Comments (700) | Send Message
    That ship has sailed. The era of Fed transparency is over. They set up the market, the market did what it needed to do, delivered a perfect pitch right over the heart of the plate, and at the last second the batter stepped out of the batters box.


    You can't do that without seriously pissing off the pitcher.
    27 Sep 2013, 07:38 AM Reply Like
  • financeminister
    , contributor
    Comments (1215) | Send Message
    I'm getting bored of this. Are they trying to make the Fed's statemetns irrelevant?
    27 Sep 2013, 08:09 AM Reply Like
  • june1234
    , contributor
    Comments (4357) | Send Message
    Or the year after. Vegas bookmakers should offer odds
    27 Sep 2013, 08:22 AM Reply Like
  • idkmybffjill
    , contributor
    Comments (1911) | Send Message
    I'd put money on that.
    27 Sep 2013, 08:42 AM Reply Like
  • phdinsuntanning
    , contributor
    Comments (1346) | Send Message
    what about never ever
    27 Sep 2013, 09:37 AM Reply Like
  • sarichter
    , contributor
    Comments (587) | Send Message
    why don't these clowns stop talking about it until they actually are ready to do it. unemployment is not below the target... so piss off because there is no point in this parade...
    27 Sep 2013, 09:53 AM Reply Like
  • Trader's Profit Compass
    , contributor
    Comments (2071) | Send Message
    thanks for the clarity and guidance
    27 Sep 2013, 10:11 AM Reply Like
  • assetman07
    , contributor
    Comments (78) | Send Message
    They are going to continue to put it off... all in the hopes of establishing some type of 'escape velocity' in the economy that hasn't to this point-- and will likely never occur.


    Has anyone in the mainstream press come close to noting that the economic growth projections from the Fed have been constantly revised downward-- despite all the open-ended monentary accomodation??? It doesn't appear to be the case.


    Given that pattern, people should openly wonder whether QE is truly delivering on its intended economic effect-- which, by the persistently downward revisions from the Fed itself-- is woefully missing the mark.


    If the Fed really wanted to spark economic growth and create inflation, they would have taken away IOER a long time ago and forced the banks to lend into the fractional reserve system (in other words, force money velocity to move higher). All that QE is doing effectively is artificially inflating paper assets-- regardless of whether those assets are creating any real economic value.
    27 Sep 2013, 10:34 AM Reply Like
  • mickmars
    , contributor
    Comments (1312) | Send Message
    LSU might beat UGA this weekend.... or they might not.
    27 Sep 2013, 10:46 AM Reply Like
  • Kathy 1
    , contributor
    Comments (916) | Send Message
    Interesting and entertaining comments.
    Since we have not been in this situation before, it is playing out like a bad movie and the script is written as the actors act.
    27 Sep 2013, 01:32 PM Reply Like
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