Yellen calls time on QE via ForexLive

  •  Expects to end asset purchases at next meeting
  • FOMC will continue to have a target range for Fed funds rate rather than a single point
  • Pace of tightening to depend on economy (may be faster or slower dependant on economy – bullish comment)
  • Funds rate to be key rate communication policy
  • Exit plan has some new elements
  • IOER to be the main means of moving funds rate
  • Overnight reverse repo only to be used as necessary and only to extent necessary
  • Ending re-investments will come after first Fed funds hike
  • Not anticipating MBS sales right away
  • FOMC intends to hold no more assets than necessary

posted via ForexLive

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