Fed Keeps $85 Billion Pace of Bond Buying, Sees Risks Waning

Bloomberg reports:

The Federal Reserve said it will keep buying bonds at a pace of $85 billion a month and said that risks to the economy have decreased. “The committee sees downside the risks to the outlook for the economy and the labor market as having diminished since the fall,” the Federal Open Market Committee said today at the conclusion of a two-day meeting in Washington. It repeated that it’s prepared to increase or reduce the pace of purchases depending on the outlook for the job market and inflation.