FED Tapers, Drops 6.5% Unemployment Threshold

The Fed’s taper of stimulus continues this month, QE purchases are now set at $55 billion (and dropping).

Gone from the statement is the 6.5% unemployment threshold for forward guidance, from now on it will be all “qualititative” which means deciding what they want to do in advance and then weaving an anecdotal tapestry of bullshit around it to justify the action – basically like the rest of us live our lives.

The statement included some language about the continued underlying strength in the US economy. Interestingly, former hawk and current uber-dove Kocherlakota was the lone dissenter.

I’ll add any interesting links I come across below (if anyone says anything important, a big maybe)…

What's been said:

Discussions found on the web
  1. click here commented on Sep 14

    … [Trackback]

    […] Info to that Topic: thereformedbroker.com/2014/03/19/fed-tapers-drops-6-5-unemployment-threshold/ […]

  2. Zeitarbeitsfirma Pflege Wismar commented on Sep 15

    … [Trackback]

    […] Read More on that Topic: thereformedbroker.com/2014/03/19/fed-tapers-drops-6-5-unemployment-threshold/ […]

  3. EV EatVerts commented on Sep 21

    … [Trackback]

    […] Read More Info here to that Topic: thereformedbroker.com/2014/03/19/fed-tapers-drops-6-5-unemployment-threshold/ […]

  4. pinewswire commented on Sep 22

    … [Trackback]

    […] Read More Information here on that Topic: thereformedbroker.com/2014/03/19/fed-tapers-drops-6-5-unemployment-threshold/ […]

  5. blazing trader commented on Sep 26

    … [Trackback]

    […] Find More Information here on that Topic: thereformedbroker.com/2014/03/19/fed-tapers-drops-6-5-unemployment-threshold/ […]

  6. free instagram followers commented on Oct 20

    … [Trackback]

    […] Find More to that Topic: thereformedbroker.com/2014/03/19/fed-tapers-drops-6-5-unemployment-threshold/ […]