Federal Reserve announces further cuts to bonds purchase program

| January 29, 2014

The Federal Reserve ( Fed ) announced a further reduction of monetary stimulus $ 10,000 million, up $ 65,000 million a month on its bond purchase program .

At the last meeting of the Open Market Committee of the Fed Ben Bernanke and headed by the first of 2014 , the U.S. central bank said he sees a ” steady improvement ” in the labor market , the unemployment rate closed December at 6.7 %.

The Fed stressed further that the growth in economic activity ” has picked up in recent months.”

This is the second consecutive cut stimulus program decided by the Fed , made ​​after its meeting in December , and by the same amount : $ 10,000 million.

Thus, the Fed offers no surprises and keeps up his announced and gradual withdrawal of monetary stimulus , despite the recent financial volatility in the currencies of several emerging economies , which has led some central banks to intervene in Turkey, Argentina or India.

The Fed also said in its statement that “inflation is below the long-term goal of the Committee” , set at 2% .

The next meeting of the Open Market Committee , and Janet Yellen as president of the central bank, will take place on 18 and 19 March .

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Category: Business News

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