WSJ - Fed on Track to Ease Up on Bond Buying Later This Year
6/7/13 - 11:46AM
Federal Reserve officials are likely to signal at their June policy meeting that they're on track to begin pulling back their $85-billion-a-month bond-buying program later this year, as long as the economy doesn't disappoint.
A good-but-not-great jobs report Friday ensured officials wouldn't want to act right away and would instead want to see more data before taking a delicate step toward winding down the program.
Fed Chairman Ben Bernanke signaled last month that the central bank could start pulling back the program "in the next few meetings," a view echoed by other officials in recent weeks.
unemployment rate went up and gold, an inflation hedge is down sharply. BB is very unlikely to taper.
Remember the WSJ is a Murdoch paper hell bent on trying to pull the economy, stock market hence Obama down.
Its NOT the old WSJ.