Fed Tapers, but Says Doesn't Tighten - Presented by: The Aol. On Network

The markets found strength in the Fed's decision to taper back its extreme monetary support of the U.S. economy- in large part because it came along with a clear commitment to keep rates low- even longer. The Federal Reserve will reduce bond purchases to $75 billion a month- from $85 billion. In his final press conference as the Chairman of the Federal Reserve- Ben Bernanke was firm- saying the tapering was not intended to be a tightening:



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