Federal Reserve Says “No Taper”

The Federal Reserve will not start tapering quantitative easing any time soon according to reports emerging after the close of the central bank's latest open market meeting. The Board of the Federal Reserve has been meeting for two days. One of the most important issues on the table was whether or not to taper bond buying.

The Federal Reserve was hotly anticipated to start laying off of the bond buying program at this meeting. Markets have been shaken since earlier this Summer, when the bank first mentioned tapering the program. The economy has not demonstrated complete stability since the...