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.
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.
Create an account with the same email registered to your subscription to unlock access.
-
Mushrooms and urine – the strange solutions to our plastic problemThe Explainer Over 30% of plastics are single-use prompting imaginative alternatives
-
Abigail's Party: Tamzin Outhwaite is 'mesmerising' as hostess of 'soiree from hell'The Week Recommends Nadia Fall's revival of 'savage' Mike Leigh satire at Stratford East
-
A Very Royal Scandal: more trouble for the royals?Talking Point Amazon Prime's new Prince Andrew drama could be another headache for the royal family
-
Nobody seems surprised Wagner's Prigozhin died under suspicious circumstancesSpeed Read
-
Western mountain climbers allegedly left Pakistani porter to die on K2Speed Read
-
'Circular saw blades' divide controversial Rio Grande buoys installed by Texas governorSpeed Read
-
Los Angeles city workers stage 1-day walkout over labor conditionsSpeed Read
-
Mega Millions jackpot climbs to an estimated $1.55 billionSpeed Read
-
Bangladesh dealing with worst dengue fever outbreak on recordSpeed Read
-
Glacial outburst flooding in Juneau destroys homesSpeed Read
-
Scotland seeking 'monster hunters' to search for fabled Loch Ness creatureSpeed Read
