Understanding QE and the Fed’s predicament on tapering

Today’s commentary
Summary: At 2PM ET today, the Federal Reserve is releasing the latest FOMC statement. Market players do not expect the Fed to taper its large scale asset purchase program because recent economic data in the US have been weak. Given controversial comments by Eugene Fama about QE yesterday on CNBC, I thought I would lay out some thoughts on QE and the Fed’s predicament on tapering.
I am going to do this post in reference format by running through the arguments we have made in ...


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