Thursday, February 21, 2013
Feds Split Over When To Close Cash Spigot
According to the WSJ: Minutes released Wednesday from the Fed’s January policy meeting show officials concerned that the current easy-money policies could lead to excessive risk-taking and instability in financial markets. The Fed is buying $85 billion in mortgage and U.S. Treasury securities a month to drive down long-term rates and has promised to keep short-term rates near zero until unemployment improves….
Read all about it at http://online.wsj.com/article/SB10001424127887323511804578298121033876536.html?mod=WSJ_hp_LEFTWhatsNewsCollection