Industrial Insight

Ending QE should be positive for Steel castings | July 10, 2014

http://www.washingtonpost.com/business/economy/fed-likely-to-end-bond-buying-program-in-october/2014/07/09/6cecc5da-0796-11e4-bbf1-cc51275e7f8f_story.html

Fed likely to end bond-buying program in October

The Federal Reserve’s trillion-dollar effort to shore up the U.S. economy is likely to come to an end in October, closing the books on a bold but controversial experiment that has tested the limits of the central bank’s power.

For the past year and a half, the Fed has been buying tens of billions of dollars in government bonds and securities each month in an attempt to tamp down long-term interest rates and boost the recovery. It was the third and largest bond-buying program the central bank has launched since the 2008 financial crisis. But officials have been slowly scaling back the effort this year, and documents released Wednesday show that the Fed’s policy-setting committee is nearly ready to call it quits.

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About author

I'm the executive vice president for a steel casting trade association, the Steel Founders' Society of America. I've got a crazy wife, five crazy children, three crazy people that married into the family, and two crazy fun little grandsons.

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