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The facade of the U.S. Federal Reserve building is reflected on wet marble during the early morning hours in Washington, July 31, 2013.
The facade of the U.S. Federal Reserve building is reflected on wet marble during the early morning hours in Washington, July 31, 2013.
(JONATHAN ERNST/REUTERS)

Don't fear the Fed: Four reasons to embrace the taper

Stocks have hit some turbulence this week, and it’s tempting to pin the blame on a streak of upbeat economic news: Rising payrolls (boo!), falling unemployment (hiss!), improving retail sales (come on!) and a two-year budget agreement in Washington (enough!).

Together, this good news builds a case for the Federal Reserve to taper its bond-buying program, known as quantitative easing or QE, as early as next week – and definitely by early next year.