Business Highlights

By The Associated Press, Seattle Post-Intelligencer: Business
Wed, 09/20/2017 - 3:57pm

___ Fed announces a start to modestly reducing its bond holdings WASHINGTON (AP) — The Federal Reserve is announcing that it will begin shrinking the enormous portfolio of bonds it amassed after the 2008 financial crisis to try to sustain a frail economy. The move reflects a strengthened economy and could mean higher rates on mortgages and other loans over time. ___ Yellen stays quiet on wanting 2nd term WASHINGTON (AP) — Federal Reserve Chair Janet Yellen is staying mum about whether she wants a second term as the head of the U.S.

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