US Fed on Track to Reduce Monthly Bond Purchases

March 19, 2014 07:34 PM
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The U.S. central bank is on pace to reduce its monthly bond purchases by another $10 billion - and interest rates will remain near record lows until the job market approaches something closer to normal. So says Janet Yellen, who held her first news conference Wednesday as head of the U.S. Federal Reserve. Mil Arcega has more.