Federal Reserve Plans Next Phase as End to Stimulus Program Is Expected

CNBC reports:

It's the end of Q.E., and financial markets feel fine.

The Federal Reserve is widely expected to announce on Wednesday the end of its latest bond-buying program, known as quantitative easing, or Q.E. Fed officials say the purchases served to strengthen job growth, and the economic recovery no longer needs quite so much of the central bank's support.

Investors panicked and markets convulsed in the summer of 2013 when the Fed first hinted that this day was coming. But the Fed has since avoided all the drama by loudly announcing a schedule for the retreat and then adhering to it with absolute fidelity.

Is it really the end of Fed manipulation??? We highly doubt it.