Fed Cuts Bond Buying to $65 Billion Pace

Fed Cuts Bond Buying to $65 Billion Pace Play

Jan. 29 (Bloomberg) -- The Federal Reserve will trim its monthly bond buying by $10 billion to $65 billion, sticking to its plan for a gradual withdrawal from departing Chairman Ben S. Bernanke’s unprecedented easing policy. “Labor market indicators were mixed but on balance showed further improvement,” the Federal Open Market Committee said today in a statement following a two-day meeting in Washington that was the last for Bernanke. Peter Cook reports on Bloomberg Television's "Money Moves." (Source: Bloomberg)

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