Fed's Loretta Mester says framework needs to be more explicit on financial stability

After announcing its plan to reduce asset purchases in December 2013, the central bank cut its then-monthly purchases of $45 billion of Treasuries and $40 billion of MBS by $5 billion each at each ensuing meeting, wrapping up the wind-down by the end of October 2014.

from Markets-Economic Times https://ift.tt/35IshmS