Will the Next Exit from Monetary Stimulus Really Be Different from the Last?

Suppose you run a manufacturing business—let’s say, for example, widgets. Your customers are loyal and steady, but you are never completely certain when they are going to show up asking you to satisfy their widget desires. Given this uncertainty, you consider two different strategies to meet the needs of your customers. One option is to [...] View the full post at: Will the Next Exit from Monetary Stimulus Really Be Different from the Last? Related posts: FOMC Kicks Off Its Two Day Meeting Loans, Asset Purchases, and Exit Strategies: Why the WSJ Doesn’t Understand the Fed’s Operations Credit Easing Having the Indended Effect, Bernanke Says