Friday, January 15, 2010

Strengthening U.S. Recovery May Intensify Fed Debate on Exit

http://www.bloomberg.com/apps/news?pid=20601087&sid=aDWlxYGoEGDA&pos=5

Policy makers are still studying ways to drain $1 trillion in excess cash from the financial system and debating how to signal a rate increase that economists say is at least 10 months away. The first test of their exit strategy will come in March, when the Fed’s purchases of $1.25 trillion of mortgage-backed securities are scheduled to end.

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