Weak jobs numbers could lead Fed to keep foot on accelerator
from Washington Bureau via Buffalo Business First
To taper or not to taper — that is the question facing the Federal Reserve later this month, especially in light of the weaker than expected jobs numbers. Fed Chairman Ben Bernanke seems anxious to start reducing the Fed's assets purchases — the central bank can't keep buying $85 billion in bonds a month forever. Sooner or later, the economy must be able to stand on its own without this unprecedented level of support from the Fed.
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