A bag of shredded U.S. currency on display at the Museum of American Finance in New York. (Stan Honda / AFP/Getty Images / )
WASHINGTON -- Federal Reserve policymakers voted Wednesday to start reducing a key stimulus program, signaling greater confidence in the strength of the recovery in the wake of recent upbeat economic data.The Federal Open Market Committee decided to start tapering the central bank's $85 billion in monthly bond purchases, aimed at holding down long-term interest rates. The program began in September 2012.Fed officials said they would reduce the purchases by $10 billion a month, starting in January.
Posted by Unknown on Wednesday, December 18, 2013 - Rating: 4.5
Thank You for Visiting Fed votes to pare stimulus, tapering monthly bond buys to $75 billion.
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