The Federal Reserve said inflation has 'moved somewhat closer' to its long-term target; however, there is slack in the U.S. labor market. As such, the central bank cut its bond purchases to $25 billion a month from $35 billion, as expected. It also reaffirmed its plans to keep rates at historic lows until the economy improves further.
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Wow if the target is loss of 1/2 of our spending power, then their doing real good.
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