Federal Reserve ends quantitative easing program

Federal Reserve ends quantitative easing program
(Image credit: Mark Wilson/Getty Images)

In a symbolic vote of confidence in the economy's health, the Federal Reserve on Wednesday said it is ending a bond purchasing program begun at the height of the economic collapse in 2008.

The Fed "judges that there has been a substantial improvement in the outlook for the labor market since the inception of its current asset purchase program," the Federal Open Market Committee said in a statement, adding that it "continues to see sufficient underlying strength in the broader economy."

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Jon Terbush

Jon Terbush is an associate editor at TheWeek.com covering politics, sports, and other things he finds interesting. He has previously written for Talking Points Memo, Raw Story, and Business Insider.