After months of intense discussion at the Fed and in financial markets, the Fed's policy-making committee said in a statement Wednesday that it would trim its purchases of long-term Treasury bonds to $40 billion per month from $45 billion, and cut its purchases of mortgage-backed securities to $35 billion per month from $40 billion.
The Federal Reserve will start winding down its signature bond-buying program in January and said it would continue to scale it down next year if the economy stays on course.
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