where was tapering evident in response to the 2007 2008 financial crisis 
tapering by the fed followed the massive qe program implemented in reaction to the 2007 08 financial crisis tapering was evident in june 2013 when the former chair of the fed ben bernanke announced that the fed would reduce the number of assets purchased every month as long as economic conditions such as inflation and unemployment were favorable as 2013 drew to a close the federal reserve board concluded that qe which had increased the fed s balance sheet to 4 5 trillion had achieved its intended goal and it was time for tapering to commence the process of tapering would involve making smaller bond purchases through october 2014 2the bottom linetapering is withdrawing from a monetary stimulus program that has been executed and quantitative easing policies have stabilized the economy tapering may include changing the discount rate or reserve requirements and the federal reserve will also reduce its asset holdings 