Janet Yellen Confirmation Promises 2014 Fed Policy Will Mirror 2013
The Janet Yellen confirmation hearing was always
The Janet Yellen confirmation hearing was always
The Federal Reserve on Wednesday announced that no changes to its bond buying program will occur, and that it will be holding interest rates steady at near zero. The inactivity by the Fed came as a surprise because a reduction to the central bank’s $85 billion monthly purchases of mortgage-backed securities and government bonds, known as quantitative easing, was widely expected.