Nothing will deter Fed from tapering this weekMarket volatility will not persuade them to slow down reduction in asset purchases. Federal Reserve Board Chairman Ben Bernanke speaks during a news conference in December. WASHINGTON (MarketWatch) — Neither snow, freezing temperatures, market volatility nor a lousy jobs report will stay the Federal Reserve from taking another small step towards the exit this week. Federal Reserve officials will likely agree on another $10 billion taper to its bond-purchase program after a two-day meeting that ends Wednesday. That’s the same pace as the first reduction announced in December and it will bring the monthly purchases down to $65 billion per month, consisting of $35 billion of Treasuries and $30 billion or mortgage backed securities. “I think the Fed is desperate to extract itself from quantitative easing, and it will continue to scale back the program and end it this year,” said Bernard Baumohl, chief global economist of the Economic Outlook Group, in an interview... https://www.marketwatch.com/story/nothing-will-deter-fed-from-tapering-this-week-2014-01-27