Saturday, April 13, 2024
HomeeconomyFed eases up on QE by another $10 billion

Fed eases up on QE by another $10 billion

As it said goodbye to the man who led it through eight history-making years, the Federal Reserve did as it was expected Wednesday, voting to reduce the monthly stimulus program by another $10 billion.

Chairman Ben Bernanke led his last Fed meeting as the Open Markets Committee decided to continue unwinding a program that has expanded the U.S. central bank's balance sheet to more than $4 trillion.

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