Nearly a decade after the Federal Reserve embarked on an unprecedented effort to shore up the collapsing American economy, the central bank said on Wednesday that it would begin withdrawing some of the trillions of dollars it invested in the wake of the 2008 financial crisis.
The decision, while widely expected, is nevertheless a significant sign that the Fed is confident that economic growth and low unemployment will continue. In other words, the central bank believes that America economy has emerged safely from the crisis.
Higman Real Estate Team
Paula Higman
Director of Luxury Sales
Engel & Völkers U.S. Holding,
Inc.
Mobile: 1-435-602-8228
FAX: 1-435-214-7091
Mail
to: paula@higmanluxuryrealestate.com
Member of the Park City Board
of REALTOR®
Member
of the National Board of REALTOR®
ENGEL & VÖLKERS - PARK CITY
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