The Federal Reserve's additional $10bn cut to its bond buying scheme was expected
Ben Bernanke’s eight-year reign of chairing
Federal Reserve meetings has come to an end, with his final act
being the announcement of further cuts to the US bond-buying
programme, writes Jonathan Watkins.
The central bank decided to continue with its tapering
plans, despite turbulent times in some emerging economies this
year casting doubts over the Fed’s next move.
In light of growth in economic activity, labour market
indications and unemployment rates, the Fed decided to cut its
bond-buying programme by $10bn.
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