WASHINGTON 07/09/2014 — The Federal Reserve said on Wednesday that it planned to stop adding to its bond holdings in October, in a sign of its confidence that the economy is gaining strength even as the central bank gradually withdraws its support.
via New York Times Fed, Confident in Economy, Details End of Bond-Buying Program – NYTimes.com.
(Reuters) – The U.S. Federal Reserve on Wednesday announced a further $10 billion reduction in its monthly bond purchases as it stuck to a plan to wind down the extraordinary stimulus despite recent turmoil in emerging markets.
Fed Chairman Ben Bernanke, who hands the central bank’s reins to Vice Chair Janet Yellen on Friday, also adjourned his last policy-setting meeting without making any changes to the U.S. central bank’s other main policy plank: its longer-term plan to keep interest rates low for some time to come.
via Fed cuts stimulus as expected; Bernanke prepares to depart | Reuters.