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In an op-ed, NYU Stern Board of Overseers’s Henry Kaufman discusses quantitative easing

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Excerpt from The Wall Street Journal -- "The market's focus on how the Federal Reserve will wind down or cease its current round of quantitative easing is unwarranted. While the "taper" does reflect its movement away from extreme monetary accommodation, thus far the reduced pace of Treasury and mortgage-backed securities have had, on balance, no visible effect on markets."

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