31 Jan 2014

WASHINGTON — In its final major decision under the leadership of Ben S. Bernanke, the Federal Reserve said on Wednesday that it would continue to slowly dismantle its stimulus campaign, citing “growing underlying strength in the broader economy.”

The Fed’s policy-making committee voted unanimously to pare monthly bond purchases by another $10 billion — its first unanimous vote since 2011.

Fed officials, focused on the health of the American economy, are unlikely to adjust policy in response to foreign economic turmoil unless they see stronger evidence that it is a threat to the domestic economy.

This is an excerpt from an article written by Binyamin Appelbaum for the NY Times.

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