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Fed signals brighter economy as it trims stimulus
The Federal Reserve signaled confidence in the U.S. economy, pledging to keep rates near zero while reducing monthly bond purchases by 10 billion to 75 billion starting January. Ben Bernanke framed the move as a modest taper with ongoing support, easing markets but staying committed to a weak inflation environment. The Dow surged while investors welcomed a clearer path to a self sustaining recovery into 2014.
MENTIONED IN THIS ARTICLE
Washington, D.C
Federal Reserve
U.S
Fed
Ben Bernanke
Wall Street
Bernanke
Treasury
Scott Anderson
Bank of the West
Roberto Perli
Cornerstone Macro