Fed cuts stimulus as expected; Bernanke prepares to depart

Starting in February, the Fed will buy $65 billion in bonds per month, down from $75 billion now. It shaved its purchases of US Treasuries and mortgage bonds equally.

US Federal Reserve tapers by $10 bn but stresses easy policy

The US Federal Reserve announced plans to trim its aggressive bond-buying program on Wednesday but sought to temper the long-awaited move by suggesting its key interest rate would stay lower for even longer than previously promised.

US Fed in no rush to cut bond buys, top policymakers say

The Federal Reserve should scale back its asset purchases only when the U.S. economy shows clearer signs of improvement and even then it should act slowly, one senior central banker said on Monday, while two others stressed there is no need to rush.