Fed Ends QE as Planned
The U.S. Federal Reserve has announced the ending of the Quantitative Easing stimulus that started in 2008.
The Federal Reserve has ended its $4.5 trillion Quantitative Easing stimulus program that was introduced more than five years ago to help revive the U.S. economy in the wake of the global financial crisis.
The Fed said it was confident that the recovery of the U.S. will continue, in spite of the weaker global economy.
At its October policy meeting, the Fed announced their decision with the following statement:
“The committee judges that there has been a substantial improvement in the outlook for the labor market since the inception of its current asset purchase program. Moreover, the committee continues to see sufficient underlying strength in the broader economy to support ongoing progress toward maximum employment in a context of price stability. Accordingly, the committee decided to conclude its asset purchase program this month.”
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Sources:Featured, federal reserve, quantitative easing