Fed to slow pace of monthly bond purchases by another $10B despite turmoil in emerging markets

  • Article by: MARTIN CRUTSINGER , Associated Press
  • Updated: January 29, 2014 - 4:50 PM

WASHINGTON — Given the U.S. economy's growing strength, the Federal Reserve pushed ahead Wednesday with a plan to shrink its bond-buying program, even though the prospect of reduced stimulus and higher interest rates has rattled global markets.

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theagonybhoJan. 29, 14 1:40 PM

Good, Obama told us all how robust the economy is may as well pull all 65 billion out too.

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gemie1Jan. 29, 14 2:26 PM

Has to be done, but I hate watching the market tank.

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swmnguyJan. 29, 14 2:47 PM

The Too Big To Fail banks must be running low on fraudulent mortgage-backed derivatives to trade to the Fed in return for cash to buy Treasuries with. Of course, with the reflation of the housing finance bubble, the dip in supply will be only temporary.

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peoplewatchrJan. 29, 14 3:20 PM

Good! This will show how shaky the economy actually is once this false input is removed. It will be clear that after 5 years, things are worse than when we started because now we are $3-4 trillion more in debt. Thank you Obama admin!

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dogmanJan. 29, 14 3:48 PM

More proof teapubs are wishing the economy will tank... real American patriots

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