Beta
×

Welcome to the Slashdot Beta site -- learn more here. Use the link in the footer or click here to return to the Classic version of Slashdot.

Thank you!

Before you choose to head back to the Classic look of the site, we'd appreciate it if you share your thoughts on the Beta; your feedback is what drives our ongoing development.

Beta is different and we value you taking the time to try it out. Please take a look at the changes we've made in Beta and  learn more about it. Thanks for reading, and for making the site better!

US Federal Reserve reduces economy stimulation by $10 billion a month

mrspoonsi (2955715) writes | about 10 months ago

0

mrspoonsi (2955715) writes "BBC Reports: The US Federal Reserve has announced a slowdown in its effort to boost the US economy. The central bank said it planned to scale back its $85bn (£51.8bn) a month bond buying programme by $10bn a month. Stimulus of this kind is designed to lower interest rates and boost economic activity. The Fed's governing committee cited stronger job growth as a reason for the decision to pullback its programme of bond buying. The Fed's decision to begin to ease its extraordinary stimulus efforts also indicates that the central bank believes that the US economy has finally strengthened enough that it no longer needs as much support."

Sorry! There are no comments related to the filter you selected.

Check for New Comments
Slashdot Login

Need an Account?

Forgot your password?