Taper Begins: Fed Cuts QE Pace on Labor Outlook

Taper Begins: Fed Cuts QE Pace 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 from the worst recession since the 1930s. Peter Cook reports on Bloomberg Television's "Money Moves." (Source: Bloomberg)

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