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  • Los Angeles Times

    Federal Reserve will start reducing stockpile of bonds it bought to stimulate the economy

    by By Jim Puzzanghera and Don Lee, Los Angeles Times Sep 20, 2017 2 minutes

    WASHINGTON - The Federal Reserve announced Wednesday that it would start slowly reducing the trillions of dollars in bonds it bought to try to stimulate the economy, another milestone in the central bank's efforts to return to a normal monetary policy after the Great Recession.

    The long-awaited reduction in the Fed's $4.5 trillion balance sheet comes amid great uncertainty

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