GOOD VIDEO TO WATCH
The waiting is the hardest part.
But soon financial markets may know a little bit more about Fed monetary policy than they know right now. At 2pm eastern time, the Fed will release its latest statement on policy followed by its latest forecast for the economy. Then Fed Chairman Ben Bernanke will host a news conference which could potentially provide more insight into Fed policy.
The financial markets will be listening for anything Bernanke says or the Fed statement suggests about when the Fed will start to taper its $85 billion monthly purchases of Treasuries and mortgage securities.
Former White House budget director David Stockman tells The Daily Ticker, “I don’t think there’s any consensus or keen understanding about how they back out of this, how fast they do it, how they communicate it.”
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