WMPT Nightly Business Report February 21, 2013
Stocks sold off on that news, as investors worry the fed might taper off its stimulus program, sooner than expected, and before its goal of seeing a big pick up in the job market. The fed has been buying 85 billion of Mortgage Backed securities and treasuries every month to pump up the economy. Heres what those fed minutes revealed many policymakers voiced concerns about potential costs and risks from more bond buying. Others said that the easymoney policies might encourage excessive risktaking and that could have adverse consequences for Financial Stability policymakers also noted positive de...