Bank of America has reduced asset purchases.

Bank of America has reduced asset purchases.

Bank of America , the Fed lowered the bond purchase program for the third time in a row .
Bank of America , held its first meeting was chaired by Janet Yellen . Market waiting impatiently asset purchases in the two -day meeting it was decided to reduce the third time . Thus, the monthly asset purchases of 65 billion dollars , 55 billion dollars has been reduced . Earlier, the bank which USD 85 billion in asset purchases had gone twice interrupted .

Bank of America has reduced asset purchases.

Bank management when interest rates will change brought a new perspective on the topic . Unemployment and inflation rates before focusing on management , lots of data to increase interest rates will assess announced . Banks increase interest rates will not be made before 2015 gave the signal .The decisions taken by his predecessor, the new President Yellen said Ben Bernanke's monetary policy was continued .
U.S. unemployment rate 6.7 finally fell to 6.5 percent as the Fed is nearing the threshold set .

Measures in the government's agenda

U.S. President Barack Obama , taking measures for improving income distribution be on the agenda of the government , he said.

Speaking to the U.S. income distribution in the late 1970s since the constantly disturbed by expressing the beginning Obama , in the 1970s the top income quintile, located in the segment's total revenue to 30 percent , while today this ratio to 50 per cent up , he recalled.

Obama , 2 After World War II economic growth in the years a company director general of the average worker from the 20-30 times more than won , but today this ratio is approximately 273 times more about the knowledge sharing , these changes partly technological developments share even though the economic policies of the role of the not ignore the need to said.

Obama , economic growth, more fragile , to be periods of recession more often occur and people together rely less on income distribution inequality in the negative effects found among the telling, today , at this point no longer inequality a racial or ethnic problem class problems believed to be emphasized. He 's also the country with the opportunities of a better life with his parents from his grandfather, Obama has stated that the " fight against inequality acts as a personal case ," he said .

Their views on combating inequalities in income distribution, explaining the Obama mentioned the importance of economic growth for this purpose , whether income inequality cake remained stable or shrank stressed that the fight is not possible.