Merrill Lynch Says Tightening Not on Preset Course

The video discusses the impact of quantitative easing on U.S. stocks and the anticipated effects of quantitative tightening by the Federal Reserve. It explains the gradual approach to reducing market accommodation and addresses concerns about potential market impacts. The Fed's strategy emphasizes transparency and adaptability to unforeseen economic changes.

In what way does the text describe the pace of the Federal Reserve's actions?

What does the text suggest about the Federal Reserve's approach to transparency?