While the timing of a pullback in the Federal Reserve’s bond buying stimulus campaign remains uncertain, some of the tactics of the effort are looming into view.
During a press conference after the central bank’s meeting held Tuesday and Wednesday, Fed Chairman Jerome Powell addressed a fractious debate among policy makers about whether the central bank should pare its $40 billion a month in mortgage purchases faster than its $80 billion a month in Treasury bond buying. He indicated simplicity may be the best way forward when…
