The US Federal Reserve hat yet again kept its bond buying programme unchanged, in a move that signals a less optimistic outlook for US economic growth.
Janet Yellen's appointment as chairman of the US Federal Reserve could see tapering of quantitative easing (QE) as early as December, experts say.
US President Barack Obama will nominate Federal Reserve vice-chair Janet Yellen to be the next head of the US central bank on Wednesday, according to a White House official.
A surprise delay in the US Federal Reserve's plans to wind down its QE programme may continue into 2014, fund managers have suggested.
The Federal Reserve has been accused of ‘making policy on the fly' after it opted not to taper its quantitative easing programme at its monthly meeting yesterday.
The US Federal Reserve surprised investors and sent shares soaring after it unexpectedly opted to hold back on any tapering of its stimulus last night.