Stopping The Presses

More

The Federal Reserve expressed confidence in the strength of the U.S. economy Wednesday. At the end of a two-day policy meeting, the central bank said "economic activity has picked up following its severe downturn," an upgrade from its last statement in August, when it said economic activity was "leveling out."

The Fed is feeling confident enough to announce the winding down of its largest interventions in the economy: It said Wednesday that its $1.45 trillion effort to support the mortgage market will be phased out to conclude in March 2010. (See "Ending The $1.45 Trillion Shopping Spree.") Its $300 billion program to purchase government debt will end, as previously announced, next month. As widely expected, the Fed said it would keep interest rates at their floor, 0% to 0.25%.

Jump to comments
Presented by

Daniel Indiviglio was an associate editor at The Atlantic from 2009 through 2011. He is now the Washington, D.C.-based columnist for Reuters Breakingviews. He is also a 2011 Robert Novak Journalism Fellow through the Phillips Foundation. More

Indiviglio has also written for Forbes. Prior to becoming a journalist, he spent several years working as an investment banker and a consultant.
Get Today's Top Stories in Your Inbox (preview)

This Short Film Skewers Hollywood, Probably Predicts Disney's Next Hit

A studio executive concocts an animated blockbuster. Who cares about the story?


Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register. blog comments powered by Disqus

Video

A Short Film That Skewers Hollywood

A studio executive concocts an animated blockbuster. Who cares about the story?

Video

In Online Dating, Everyone's a Little Bit Racist

The co-founder of OKCupid shares findings from his analysis of millions of users' data.

Video

What Is a Sandwich?

We're overthinking sandwiches, so you don't have to.

Video

How Will Climate Change Affect Cities?

Urban planners and environmentalists predict the future of city life.

Video

The Inner Life of a Drag Queen

A short documentary about cross-dressing, masculinity, identity, and performance

Video

Let's Talk About Not Smoking

Why does smoking maintain its allure? James Hamblin seeks the wisdom of a cool person.

Writers

Up
Down

More in Business

Just In