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Federal Reserve to make announcement this week regarding Quantitative Easing

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BY: Derrick Broze

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On Wednesday the Federal Reserve’s Federal Open Market Committee will release a policy statement that is expected to detail the winding down of Quantitative Easing, an $85 billion-a-month asset-purchases program. The departing Fed Chairman Ben Bernanke has previously suggested the program would begin to be cut later this year and end it in mid-2014 if the economy continued to improve. Bernanke has stated that, “If we were to tighten policy, the economy would tank.” Gold prices showed modest gains, with investors heavily anticipating the announcement.

http://www.theatlantic.com/technology/archive/2013/07/could-the-government-get-a-search-warrant-for-your-thoughts/278111/


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