FOMC members unpick Fed's ‘no taper' decision


One week after the Federal Open Market Committee (FOMC) startled markets by retaining its monthly asset purchases at $85 billion a month, members of the committee have been offering divergent views on the controversial decision and its potential implications for growth and future Fed policy.

Speaking at an event in Germany yesterday, Jeremy Stein, a Harvard professor and Federal Reserve board member, acknowledged that his vote to continue asset purchases at $85 billion a month had been a "close

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