Federal Reserve cuts quantitative easing by another $10 billion
Even though the Federal Reserve has again narrowed its forecast for U.S. economic growth this year, the Federal Open Market Committee "generally expressed confidence the economy is improving," reports CBS News.
Due to the rosy outlook, the Federal Reserve cut its monthly asset purchases — which are intended to boost lending and economic growth — by another $10 billion, reports Reuters, part of a months-long effort to taper its so-called quantitative easing program.
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.
-
Political cartoons for February 22Cartoons Sunday’s political cartoons include Black history month, bloodsuckers, and more
-
The mystery of flight MH370The Explainer In 2014, the passenger plane vanished without trace. Twelve years on, a new operation is under way to find the wreckage of the doomed airliner
-
5 royally funny cartoons about the former prince Andrew’s arrestCartoons Artists take on falling from grace, kingly manners, and more
-
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
