Fed Will Support Economy For A Long Time: Brevan Howard

While the Fed has announced that it will taper asset purchases by $10 billion starting in January, its intervention into the market is still a long way from over, according to Brevan Howard investment fund. “Monetary policy promises to remain very accommodative even as the mix of tools is recalibrated in the next few months,” says the most recent Brevan Howard shareholder report. “The Federal Reserve will taper its asset purchases from January 2014 by $10 billion to $75 billion and rely more on forward guidance, with the Fed likely to keep overnight interest rates near zero ‘well past the…