So far markets haven’t much responded to the long-dreaded announcement by the Federal Reserve Board today that it plans to “taper” stimulative bond-purchasing in January. It is, to be sure, a slow “taper,” from $85 billion to $75 billion. But still, with the economy remaining shaky and fiscal stimulus pretty much off the table, it’s a big move. Let’s hope it’s not accompanied by panic and that Ben Bernanke makes it clear the Fed’s not going all austericratic on us.
Special Report
Special Report: 5% of the population accounts for 50% of all health care spending. They are the key to health care reform.
Successes of Philanthropy
The investments and innovations that are making a real-world impact, as told by the foundations and philanthropists themselves. A sponsored project by the Washington Monthly.
