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Fed to continue to taper bond-buying activity through 2014, Fed president says
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Monday, February 24, 2014
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The U.S. economy has continued to improve to the extent that the Fed will likely continue to taper its bond-buying activity throughout 2014, St. Louis Fed President James Bullard told The Wall Street Journal on Feb. 19.
The Fed announced back in December 2013 that it would start tapering the amount of money dedicated to its bond-buying stimulus program. The Fed had been sinking $85 billion per month into the program at the end of 2013 as a way to help support the economy as it rebounded from the recession. Last month, the Fed cut back its bond-buying program by $10 billion to a new monthly total of $65 billion.
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