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Markets upended because Fed has 'no clue' how it will end bond buying: IMF
Markets have overreacted to the U.S. Federal Reserve's plans to stop buying bonds but part of the problem is a lack of clarity over how it will be done, the International Monetary Fund said on Tuesday.
"The Fed has no clue what will happen when it starts selling assets," IMF Chief Economist Olivier Blanchard told a meeting of the Institute of International Finance in Paris. "So it cannot make any commitments in term of quantities."
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