Pragmatic Capitalism

Practical Views on Money, Finance & Life

The End of QE?

Today’s FOMC Minutes are pretty interesting. It highlights a potential end to QE in 2013. This is going to be the big story later this year. The Fed appears to be positioning for a transition at the helm in my opinion. In my 10 questions for 2013 I said:

“Downside risk:  Ben Bernanke is likely to step down in 2014.  Could he become less accommodative later in the year in order to create flexibility for a smoother transition?  Or could policy take an unexpected turn due to the uncertainty that is likely to develop in the market surrounding this event?”

It will be interesting to see how this thinking evolves as 2013 plays out.  The end of the “Bernanke Fed” will bring substantial uncertainty and volatility to the markets.  It would be nice if they could provide more clarity on this….


Cullen Roche

Cullen Roche

Mr. Roche is the Founder of Orcam Financial Group, LLC.Orcam is a financial services firm offering asset management, private advisory, institutional consulting and educational services.He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance and Understanding the Modern Monetary System.
Cullen Roche

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