Early Taper-Talk by Fed Governors Shutdown By Powell

We’ve reported in these pages that a comical title for the Federal Open Market Committee is the Federal Open Mouth Committee. The reason for this joke is on full display this week. It appears there is a bit of dissension in the ranks about when tapering and the raising of the Federal Funds rate will occur. This potentially alarming development for investors should be taken with a grain of salt. In a way, some of what the regional Fed governors were saying is actually quite bullish. The thrust...

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