Taper or no taper, the Fed will never end QE: Marc Faber
When the
Federal Reserve announces its next move on Wednesday, some expect it to
reduce its $85 billion monthly bond-buying program, targeting an
eventual end to quantitative easing in late 2014. Others expect the Fed
to begin to reduce the program in early 2014, or to finish it off by
2015. But Marc Faber has a different take altogether .
"The
economic recovery, or so-called recovery, by June of next year, will be
in the fifth year of the recovery," Faber said. "So at some stage the
economy will weaken again, and at that point, the Fed will argue, 'Well,
we haven't done enough, we have to do more.'"
No comments:
Post a Comment