The Fed’s move to reinvest maturing bonds rather than absorbing the cash reminds...

|By:, SA News Editor

The Fed’s move to reinvest maturing bonds rather than absorbing the cash reminds Macquarie's Richard Jerram of the “incremental policy shifts” the Bank of Japan made over the last decade that failed to convince markets of the bank’s intentions. "There is a worryingly similar lack of clarity from the Fed,” Jerram says.