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Goldman Sachs' Cohn: There Will Be Pain When Fed Ends QE

Thursday, October 11, 2012 - 8:50 AM
The Fed last month announced its third round of large-scale asset purchases since 2008, with no limit this time on the ultimate amount it would buy or the duration of the program.  From Bloomberg via Yahoo Finance: 
"I understand what they're trying to do and I will tell you this, this is going to be difficult to stop or to exit," [Goldman Sachs Group Inc President and COO] Cohn told Bloomberg Television today in Tokyo. "At the end of this -- there will be an end to quantitative easing -- we will have to go through the pains of stopping quantitative easing."  ...  Fed Vice Chairman Janet Yellen said yesterday in Tokyo that policy makers have a plan to normalize monetary policy when the time comes.

 

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