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A 'taper' would be the first step toward the Fed winding down stimulus

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Will the Fed taper? That is the question that will be resolved Wednesday afternoon with the Federal Reserve’s monetary policy announcement and press conference with Chairman Ben Bernanke. But as a recent Reuters poll found, most of the public do not know what the taper is about, or understand what the Fed has been doing. The taper would be the beginning of the end of the unusual and...

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