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Grumblings of Fed’s Taper; What Will Happen in Wake of Today’s FOMC Meeting?

by George Leong, Investment Contrarians:

The wait is over. The Federal Reserve will conclude its Federal Open Market Committee (FOMC) meeting today and, of course, all of you will know what Chairman Ben Bernanke’s current thinking will be.

We have been hearing grumblings from other Federal Reserve members across the nation about how the voting members should consider tapering the Fed’s bond buying.

While there has been no timeframe offered, the overall feeling, including mine, is that the Federal Reserve must have an exit strategy in place.

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