Fed Monthly Bond Purchases Cut To $55 Bn
  • Prabha Hedge
  • Mar 20 2014

March 20: The U.S. Federal Reserve's first announcement, with new Chief Janet Yellen at the helm, had no surprise on the taper program. But, in a significant shift she announced the decision to alter the Fed's interest rate guidance strategy. Harsha Subramaniam discusses the larger implications of the move with Patrick .J. Bennett, Strategist, Canadian Imperial Bank of Commerce.