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."

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
To continue reading this article...
Continue reading this article and get limited website access each month.
Get unlimited website access, exclusive newsletters plus much more.
Cancel or pause at any time.
Already a subscriber to The Week?
Not sure which email you used for your subscription? Contact us
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.