BuzzFeed: What The Fed’s Taper Timeline Has In Common With Brett Favre’s CareerSubmitted by Ed Thinking on Tue, 12/17/2013 - 15:22
The Fed is meeting again on Wednesday to discuss whether or not it should reduce its annual bond purchases. Not unlike Favre’s many retirements, you can never tell if the decision is real or not.
After 15 seasons in the NFL and two Super Bowl wins with the Green Bay Packers, veteran quarterback Brett Favre first says he’s considering retirement during an interview with ESPN on Jan. 30, 2006.
In a June 19 press conference, Federal Reserve chairman Ben Bernanke said that the Fed could begin to reduce its $85 billion a month of bond purchases by the end of the year if the economy continues to improve.
In April 2006, Favre told the Packers that he decided to play for Green Bay that season.
Following its policy-making meeting in September, when many analysts expected an announcement that bond purchasing would slow, the Fed instead said that it would continue bond purchases at its $85 billion-a-month pace.