Fed trims QE by $10 bln, rate low for considerable time

By CentralBankNews.info
    The Federal Reserve, the central bank of the United States, trimmed its asset purchases by another $10 billion to $45 billion in May, as widely expected, and reiterated that it still expects to maintain the current target range for the benchmark federal funds rate “for a considerable time after the asset purchase program ends.”

    (more to come)