Feds Mary Daly Says Tapering of Bond Purchases May Start This Year San Francisco Federal Reserve President
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Fed’s Mary Daly Says Tapering of Bond Purchases May Start This Year San Francisco Federal Reserve President Mary Daly says that with a strong recovery, the Fed will slow its asset purchases. The Fed has previously resisted calls to pull back on quantitative easing.
a. What actions would the Fed pursue to “pull back on quantitative easing”?
b. How would the monetary base change, and how would bank reserves change?
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