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Janet Yellen
Fed declares economy strong enough for bond-buying stimulus to end
Fed declares economy strong enough for bond-buying stimulus to end

In the dark days of the 2008 financial crisis, the Federal Reserve began buying tens of billions of dollars in bonds each month in a controversial, last-ditch effort to stimulate the economy. Now, nearly six years and more than $4 trillion in purchases later, central bank policymakers declared Wednesday that the economy is strong enough for the Fed to end the unprecedented program. In their statement following a two-day meeting, Fed officials gave their best assessment of the labor market in years, citing the "solid" job gains in recent months and the faster-than-expected drop in the unemployment rate, which fell to 5.9% in September. "The numbers in the economy are good...

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