Fed wraps up asset purchase programme

yellen-first-fomc-meeting
The FOMC

The Federal Reserve will wrap up its monthly asset purchase programme in November, the US central bank announced today.

The decision, which was widely expected, brings an end to one of the most controversial policies in the 100-year-old institution's history.

"The [Federal Open Market] Committee (FOMC) decided to conclude its asset purchase programme this month," the Fed said in a statement. No press conference was given.

One FOMC member, Federal Reserve Bank of Minneapolis president Narayana Ko

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