File - Bernanke heads up the final monetary policy meeting of his eight-year tenure.
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The Federal Reserve will trim its monthly bond buying by $10 billion to $65 billion, sticking to its plan for a gradual withdrawal from departing Chairman Ben S. Bernanke's unprecedented easing policy.The central bank's preferred gauge of consumer prices climbed 0.9 percent in the year through November and hasn't exceeded the Fed's goal since March 2012 .Bond purchases will be divided between $35 billion in Treasurys and $30 billion in mortgage debt beginning in February, the Fed said. Economists surveyed by Bloomberg forecast the Fed would taper purchases by $10 billion Wednesday.The Fed on Dec. 18 announced its first reduction in bond purchases, by $10 billion, and Bernanke outlined the strategy for tapering at a news conference, the last of his eight-year tenure.
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