Taper Trouble.

MONETARY policy; GOVERNMENT securities; MORTGAGE-backed securities; RATE of return on bonds; INTERNATIONAL Monetary Fund; BERNANKE, Ben, 1953-; INTEREST rates; INVESTORS; FEDERAL Reserve Board members; UNITED States economy, 2009-2017; GOVERNMENT policy

The article discusses the international consequences of the U.S. Federal Reserve's (Fed's) policy regarding the paring back (tapering) of the Fed's monthly purchases of U.S. Treasury and mortgage-backed securities as of July 2014. America's economy and the nation's long-term interest rates are mentioned, along with private moneylending and yields involving longer-maturity U.S. bonds. Investors in Ukrainian bonds are assessed, as well as former U.S. Fed Chairman Ben Bernanke and the International Monetary Fund.