Fed Gains Nothing With Taper Delay

The Federal Reserve should start tapering its program of quantitative easing starting in September because it gains nothing by a delay.

The best argument I've heard for the Federal Reserve to begin reducing the size of its monthly asset purchases (otherwise known as quantitative easing) at its Sept. 17-18 meeting is to get it over with. That's the gist of what Vince Reinhart, chief U.S. economist at Morgan Stanley, said in a research note to clients this week.

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