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Fed tapering: Bernanke okays plan to trim bond-buying

Liyna Anwar Dec 18, 2013
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On Wednesday, the Federal Reserve announced it will cut its bond-buying program by $10 billion starting January.

In its statement, the Fed cited stronger labor market conditions as a primary factor in the decision. The announcement may have surprised many investors who were keenly watching the relationship between quantitative easing and inflation

The Fed began its series of large-scale bond purchases — known as quantitative easing — 15 months ago to boost hiring and economic growth. The annoucement today is a major pivot point for one of the Fed’s largest monetary policy experiments.

How We Survive
How We Survive
Climate change is here. Experts say we need to adapt. This series explores the role of technology in helping humanity weather the changes ahead.