Smart. Sharp. Funny. Fearless.
Friday, March 22, 2019

Washington (AFP) – The Federal Reserve stayed the course on tapering its stimulus for the U.S. economy Wednesday, reducing its asset purchases by $10 billion for the second month in a row.

The Fed, as expected, cut the stimulus to $65 billion a month, while leaving its benchmark interest rate near zero, citing “growing underlying strength in the broader economy.”

Wrapping up the two-day monetary policy meeting of the Federal Open Market Committee, the last of outgoing Chairman Ben Bernanke, policy makers noted that despite some mixed economic indicators since the December FOMC meeting, overall the U.S. economy was doing better.

Information indicates “that growth in economic activity picked up in recent quarters,” the FOMC said in a statement.

“The Committee sees the risks to the outlook for the economy and the labor market as having become more nearly balanced,” it said.

Photo: AFP Photo/Brendan Smialowski

  • Share this on Google+0
  • Share this on Linkedin0
  • Share this on Reddit0
  • Print this page
  • 0

2 responses to “Fed Cuts Another $10 Billion From Stimulus Program”

  1. daniel bostdorf says:

    “The Federal Reserve stayed the course on tapering its stimulus for the U.S. economy Wednesday, reducing its asset purchases by $10 billion for the second month in a row.”

    I think this is very misguided. It is a segway to what Yellen has already agree with this cut….but all indications from non FED political pressure conclude that this is ill advised for reducing….. for a specific reason:

    The Fed must declare its intent to keep short-term interest rates near zero at least as long as the unemployment rate is above 5.5 percent.

    The unemployment rate, 6.7 percent in December, is rapidly approaching the 6.5 percent threshold the Fed established in December 2012.

  2. Hutch King says:

    Since we tend to hear about scientific advances, we tend to remember intellectual freedom while forgetting about the freedom to do things.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.