Fed Plans End of Stimulus

Federal Reserve officials “have mapped out a strategy for winding down an unprecedented $85 billion-a-month bond-buying program meant to spur the economy–an effort to preserve flexibility and manage highly unpredictable market expectations,” the Wall Street Journal reports.

“Officials say they plan to reduce the amount of bonds they buy in careful and potentially halting steps, varying their purchases as their confidence about the job market and inflation evolves. The timing on when to start is still being debated.”