Fed shows confidence in U.S. recovery by ending bond buying
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.
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