Everything You Think You Know About the Fed’s Exit Plan May Be Wrong

Everyone knows that the Federal Reserve’s overnight interest rate targets will not rise before quantitative easing ends. The exit strategy will be: QE first, rates later. Edward Fitzpatrick, who heads up the U.S. rates unit at JPMorgan recently gave voice to this conventional wisdom when asked …

Read the rest here:
Everything You Think You Know About the Fed’s Exit Plan May Be Wrong