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BLOOMBERG Money Moves With Deirdre Bolton January 8, 2014

Overall. Let me read to you from the minutes to a majority of participants judge that the participants he was declining even though purchases to continued. What were they worried about in terms of costbenefit analysis . The minutes go on to say participants were most concerned about the marginal cost of additional asset purchases arising from risks to financial stability. Financial stability. In the end, they decided to by 10he tapering million per month. There was a healthy discussion about whether Economic Conditions were sufficient enough. Let me read you more from the minutes other participants preferred a larger reduction. Future reductions they would like to see a more deterministic path of the taper going forward. More guidance to the market as to exactly what the pace would be and when the entire thing would be wrapped up. We did not get that at the end of the day. There were other discussions in here about the
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