The Federal Reserve said today that it will end its most recent bond-buying campaign at the end of the month because the economy is showing enough signs of improvement.
The bond-buying program began in response to Great Recession in 2008, and the campaign appears to have fulfilled its stimulative purposes.
“There has been a substantial improvement in the outlook for the labor market since the inception of its current asset purchase program,” the Federal Reserve said in a statement, adding that there are now signs of “sufficient underlying strength in the broader economy.” Read more at the New York Times.
{Andy Heller-Matzav.com Newscenter}
