Fed's Stein: Fed in a ‘very good position’ to keep tapering

FXStreet (Bali) - Federal Reserve’s Jeremy Stein, who is speaking on the US economic outlook and monetary policy to the Money Marketeers at New York University, said that market participants expect gradual taper to continue.

Additional headlines, courtesy of Reuters, included: "Forward guidance on rates will be more qualitative, less deterministic as policy normalizes; Overly managing communications to reduce market volatility may be ‘self-defeating’; FOMC’s ‘reaction function’ not predetermined, tends to evolve over time given many members; Fed may face more ‘bumps’ in communication as it provides less precise forward guidance; Good communication’ alone cannot bring completely smooth exit from accommodation;
Fed in a ‘very good position’ on asset purchases given market expectations for ending them."