Poll: The U.S. Fed says, "No taper." Is that the right strategy?

Actions speak louder than words

Many observers are casting as a surprise the U.S. Fed’s decision not to cut back on its US$85 billion monthly bond buying program. But it’s not difficult to argue that few of the indicators—jobs and capital spending come to mind—have been especially indicative of a U.S. economy that is in recovery, never mind about to “take off.” So perhaps a lot less surprise is in order.

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