Speculation has swirled over the last few months on when Federal Reserve Chairman Ben Bernanke will announce the central bank will scale back its $85 billion-a-month bond-buying program.
Global markets turned volatile in late May after Bernanke said the Fed planned to scale back its stimulus program once the economy saw “substantial improvement.”
On Wednesday, the Federal Reserve will release its latest minutes from the Federal Open Market Committee’s (FOMC) July meeting, just ahead of the annual Jackson Hole meeting in in Wyoming on August 22-24 where central bankers are scheduled to discuss the global economy.
IBTimes Editor Mike Obel discusses the background and history of the Federal Reserve’s “quantitative easing,” or QE program, and whether the central bank will announce it will taper its stimulus measures at the Federal Open Market Committee’s (FOMC) September 17-18 meeting.
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