Fed wrong not to start QE tapering, says UBS economist
The US Federal Reserve made a mistake last month when it decided not to scale back its quantitative easing programme, and the result is likely to be increased market volatility, according to a senior economist.
The Fed announced on September 18 it would keep its asset purchases steady at $85 billion per month, surprising market participants who had interpreted comments from chairman Ben Bernanke in May and June to mean a tapering would begin before the end of the year.
The Federal Open Market
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Economics
Risk Management
After bruising EU model review, banks ask: ‘Why bother?’
Post-Trim changes erode capital savings from internal models while raising their running costs
Receive this by email
Most read on Risk.net
- After bruising EU model review, banks ask: ‘Why bother?’
- Mixed signals as swap dealers begin quoting ‘SOFR first’
- Capturing the effects of climate change on CVA and FVA
- Anti-fraud product & Anti-money laundering product of the year – BlackSwan Technologies’ ELEMENT™ of Compliance
- Swaptions get fallback safety net, but crave CCP fix