Economy

US Fed to Scale Back Bond Purchases Starting January 2014i
X
December 19, 2013 3:07 AM
The U.S. Federal Reserve will start scaling back its monthly bond-buying program as early as next month. But the reduction will be gradual. The Federal Reserve has been buying $85 billion a month in government bonds in an effort to keep interest rates low and boost economic growth. As Mil Arcega reports, outgoing chairman Ben Bernanke says the stimulus is working.

US Fed to Scale Back Bond Purchases Starting January 2014

Published December 18, 2013

The U.S. Federal Reserve will start scaling back its monthly bond-buying program as early as next month. But the reduction will be gradual. The Federal Reserve has been buying $85 billion a month in government bonds in an effort to keep interest rates low and boost economic growth. As Mil Arcega reports, outgoing chairman Ben Bernanke says the stimulus is working.


You May Like

At International AIDS Conference One Goal, Many Paths

The 12,000 delegates attending 20th International AIDS Conference in Melbourne have vastly different visions about how to eradicate disease More

Disasters May Doom Malaysia’s Flag Carrier

Even before loss of two jets loaded with passengers on international flights, company had been operating in red for three years, accumulating deficit of $1.3 billion More

Afghan Presidential Vote Audit Continues Despite Glitches

Process has been marred by walkouts by representatives of two competing candidates, Abdullah Abdullah and Ashraf Ghani More