Thu, 30 Jan 2014 10:32:04 GMT
Fed tapers further as economy recovers
The FOMC decided to decrease its bond purchases additionally by $10 billion per month, as American economy recovers and labor market improves. Policy makers are concerned about record $4.1 trillion Fed's balance sheet, as they will now buy only $65 billion of bonds and mortgage securities monthly. Meanwhile, this meeting was last with Ben Bernanke as the Chairman of the