Originally posted by the Voice of America.
Voice of America content is produced by the Voice of America,
a United States federal government-sponsored entity, and is in
the public domain.


                 Fed Ends Bond-buying Program, Keeps Rates Low

   by VOA News

   The U.S. central bank has ended an effort to stimulate the economy by
   purchasing billions of dollars worth of bonds each month.

   Wednesday's announcement by the Federal Reserve ended a program called
   "Quantitative Easing." It was intended to cut long-term interest rates
   on things like mortgages to encourage economic growth.

   The Fed's experts say the economy is improving and no longer needs that
   much assistance.

   In a written message, the Fed says problems in the labor market are
   diminishing, but recovery in the housing sector remains slow.

   With that in mind, officials are keeping short-term interest rates
   steady at the record-low level where they have been for several years.

   The Fed says it will keep rates low for a "considerable time" unless
   new data show inflation threatening to rise beyond the bank's target of
   two percent.

     __________________________________________________________________

   [1]http://www.voanews.com/content/fed-keeps-interest-rates-low-ends-bon
   d-buying/2501240.html

References

   1. http://www.voanews.com/content/fed-keeps-interest-rates-low-ends-bond-buying/2501240.html