WASHINGTON, Jan. 29 (UPI) -- The U.S. central bank said Wednesday it will reduce its asset buying program to $65 billion in February, the second $10 billion drop in as many months.
In Federal Reserve Bank Chairman Ben Bernanke's final policy meeting, the Open Market Committee said the quantitative easing program -- which was reduced from $85 billion per month to $75 billion in January -- will be further cut to $65 billion in February, a sign of continued confidence in the economic recovery.