Fed Open to More Bond Buying as It Counters Talk of Tapering

Fed Open to More Bond Buying as It Counters Talk of Tapering

Brendan Smialowski/Bloomberg

The U.S. Federal Reserve building stands in Washington, D.C. The Federal Open Market Committee said it will keep for now the monthly pace of bond purchases at $85 billion, a strategy aimed at spurring a revival in sales of cars and homes by reducing mortgage rates and other long-term borrowing costs.