Reuters reports that the Federal Reserve ended its monthly bond purchase program, and borrowing costs would still remain near zero for a “considerable time.”
The decision to shutter the bond-buying program was almost past, as the monthly purchases had been steadily cut from $85 billion to $15 billion when the Fed gradually turned away from policies launched to fight the 2007-2009 recession. According to Reuters, the Fed will continue reinvesting the proceeds of securities that mature each month.
