Fed Cuts QE Pace to $75 Billion on Labor Outlook

Fed Cuts QE Pace to $75 Billion on Labor Outlook Play

Dec. 18 (Bloomberg) -- The Federal Reserve is cutting its monthly bond purchases to $75 billion from $85 billion, taking the first step toward unwinding the unprecedented stimulus that Chairman Ben S. Bernanke put in place to help the economy recover. Bloomberg's Peter Cook reports. (Source: Bloomberg)

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