Until recently the Federal Reserve had been purchasing roughly $120 billion of assets every month to support the US economy. The Fed began scaling back those purchases in November and doubled the pace on Dec. 15.
Fed Chair Jerome Powell prepares for the end of the era of cheap money.
Matt McClain/The Washington Post via AP
The Federal Reserve decided to slow its pace of bond-buying, potentially the beginning of the end of a program that’s been supporting the economy since March 2020.
The US Federal Reserve is unwinding its bond buying program.
AAP
As the US economy emerges from recession, the prospect of the US Federal Reserve raising interest rates grabs the attention of the financial markets more and more. US rates have been close to zero for…
Can Draghi the gambler feel Europe’s pulse?
Dennis Skley
The European Central Bank’s decision to cut its interest rates further showed that the zero rate rubicon holds no fear, while one substantial bullet was kept in the barrel. It is a useful marker for markets…
Incoming US Federal Reserve chair Janet Yellen must choose whether to further taper the quantitative easing program.
EPA/Jim Lo Scalzo
Ben Bernanke prepares to vacate his seat as Chairman of the US Federal Reserve on Friday, making way for for Janet Yellen, just as the developed economies finally seem to be coming right. Yellen’s impact…