The Pluto Press Blog - Independent, radical publishing

Jack Rasmus, author of Obama’s Economy: Recovery for the Few, has published a new article entitled From ‘Taper Tantrum’ & ‘Token Taper’ to ‘Taper Tomorrow’: Fed Policy in Crisis

In his article, Rasmus explains the potential crisis facing the Federal Reserve:

This past week the US central bank, the Federal Reserve (Fed), opted not to change its current 3rd Quantitative Easing (QE) policy providing $85 billion a month in bond purchases from bankers and investors. The Fed’s QE3 policy has been in effect for about a year, injecting in excess of $1 trillion in subsidized money into the US and global economy. Since QEs began in 2009, the total injection will have exceeded $4 trillion by the end of this year.

Consensus was strong in recent weeks that the Fed would at least slightly reduce that $85 billion, by a token $5-$10 billion a month. That…

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