Preparing Markets For QE Exit
from Market Watch Hosted by BFM Media
On World Market Watch today we have Joe Quinlan, MD and Chief Market Strategist at US Trust-Bank of America Private Wealth Management in New York. He speaks of the Wall Street Journal's article on how Federal Reserve officials have reportedly mapped out a strategy for winding down the monthly $85 billion dollar bond-buying program, and how that had equity markets spooked. He also discusses changes in the Fed's communication and what the central bank can do to unwinding QE but yet avoid a massive sell-off in equity markets.
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