Fed meeting: Global markets can ride out tapering, say experts

The Fed is charting a steady course, Joyce Chang, JPMorgan Global Research Chair says in a television interview with Bloomberg

Wall Street appears to be a little more confident that global markets can weather a gradual tightening in Federal Reserve monetary policy. Stocks have climbed and the Treasury yield curve has flattened since US Federal Reserve Chair Jerome Powell announced the Fed could begin scaling back asset purchases in November. But there’s no tantrum in sight, at least so far, of the sort that roiled investors in 2013.

The Fed is trying to avoid creating fear in markets about the pullback in asset purchases, Jeffrey Rosenberg, senior portfolio manager for systematic fixed income at BlackRock, said on Bloomberg Television: “The Fed