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Former U.S. Federal Reserve Chairman Ben Bernanke listens to opening remarks prior to delivering his semi-annual monetary policy report to Congress before the House Financial Services Committee in Washington, July 17, 2013.
Former U.S. Federal Reserve Chairman Ben Bernanke listens to opening remarks prior to delivering his semi-annual monetary policy report to Congress before the House Financial Services Committee in Washington, July 17, 2013.
(JONATHAN ERNST/REUTERS)

Tapering not seen until 2014. Economists react

The stock market is still in a post-Fed funk, with the S&P 500 down 9 points or 0.5 per cent, just over an hour after the central bank released its latest policy statement.

But if ongoing Fed stimulus, in the form of quantitative easing, is what investors want then the Fed has delivered. Here’s what several economics make of the statement – and note that no one sees tapering starting any time soon.