Easy Money Here at Least Through 2014

Four years into a period of unprecedented monetary easing, policymakers are beginning to contemplate what it will take to reverse course.

When will the Federal Reserve pull the plug on the ultra-easy monetary policy that has driven its balance sheet to record heights? Not before year-end and possibly not until well into 2014, given the economy’s continuing slow recovery and the current low rates of inflation.

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Glenn Somerville
Associate Editor, The Kiplinger Letter