Federal Reserve officials rebuffed international calls to take the threat of fallout in emerging markets into account when tapering U.S. monetary stimulus. Such selloffs aren’t an issue for Fed officials who said their sole focus is the U.S. economy as they consider when to start reining in $85 billion of monthly asset purchases that have swelled the central bank’s balance sheet to $3.65 trillion. Fed officials are debating when to begin slowing their bond purchases. At their previous meeting in July, officials said they were “broadly comfortable” with Bernanke’s plan to unwind purchases later this year, according to minutes released Aug. 21. Sixty-five percent of economists in a Bloomberg Aug. 9-13 survey said the first cut would come at the Sept. 17-18 meeting.
Posted on: Mon, 26 Aug 2013 10:11:25 +0000
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