Federal Reserve Ends Bond-Buying Program, Will Keep Interest Rates Low
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Cameron Whitman/iStockphoto/Thinkstock(WASHINGTON) — The Federal Reserve announced on Wednesday that it would end its recession-era bond purchasing program, noting improvement in the labor market and the financial landscape.
According to a press release, the Federal Open Market Committee found at their September meeting that with the economy growing at a moderate pace and improved labor market conditions, the bond-buying program can be ended this month. “Moreover, the [Fed] continues to see sufficient underlying strength in the broader economy to support ongoing progress toward maximum employment in a context of price stability,” the release read.
The Fed did, however, reaffirm its belief that interest rates should remain where they are for the time being.
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