Federal Reserve tapers stimulus again

By Joseph Lawler

Published January 29, 2014 5:00am ET

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Federal Reserve tapers stimulus again — The Federal Reserve announced Wednesday that it would continue tapering the size of its monthly bond purchases, saying after Ben Bernanke's last meeting as chairman that the economy has improved enough to reduce the the stimulus by $10 billion to $65 billion. (AP/Manuel Balce Ceneta) | Manuel Balce Ceneta

The Federal Reserve announced Wednesday that it would continue tapering the size of its monthly bond purchases, saying after Ben Bernanke’s last meeting as chairman that the economy has improved enough to reduce the the stimulus by $10 billion to $65 billion.

The cuts will come equally from the central bank’s purchases of Treasury bonds and mortgage-backed securities.

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Federal Reserve Janet Yellen Joseph Lawler PennAve Stocks and Bonds Treasury Department