Put in pla help prop up the economy during the great recession. Its plan is to begin rolling off its 4. 5 trillion damage sheet, which consists mostly of treasuries and mortgagebacked securities. Officials also hint one more Interest Rate rise this year is likely. As a result, bond yields rose and stocks why volatile. The Dow Jones Industrial average advanced 22 points to an alltime high. The nasdaq was off five. S p 500 rose one, also a record. Hampton pearson has more on the new era the fed will begin ushering in. Reporter as expected, janet yellen and her fellow monetary policymakers left Interest Rates unchanged and announced the beginning of a plan to start trimming the more than 4 trillion worth of bonds and mortgagebacked securities purchased by the feds to combat the financial crisis and the recession. Our Balance Sheet will decline gradually and predictab for october through december, the decline in our Securities Holdings will be capped at 6 billion per month for treasuries a
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