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Central Station: Taper time? Close call for Fed
The Wall Street Journal's Daily Report on Global Central Banks Monday, December 16, 2013 HILSENRATH'S TAKE 1 Tapering and Fed Strategy My colleague Pedro da Costa and I have a column in The Wall Street Journal today looking at the Fed's two sets of considerations for winding down its $85 billion monthly bond-buying program. The Fed will end the program when it's seen sufficient progress on the economy, or when the costs of continuing exceed the benefits. http://on.wsj.com/1ffPvig It's not a clear-cut decision. The economy is making progress on the growth and employment front, but not inflation. Meanwhile, officials still believe the benefits of the bond-buying programs exceed the costs.
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