In 2013 the US Federal Reserve announced that it would be reducing quantitative easing, Ben Bernanke Fed Chairman announced 'tapering' would be put into place and decrease their bond buying programme.
In order to ease the economic crisis the Bank of England and the US Federal Reserve have used quantitative easing (QE) as a method of rejuvenating consumer spending. When interest rates are set low QE sees the injection of money into the economy by creating it electronically. This is issued as government bonds and is then used by banks, insurance companies and pension funds selling to sell and use the proceeds to invest in other ways or provide consumers with appealing interest rates.
The lessening of the support from the FED suggests that the economy is experiencing true growth and becoming more stable.
