VENTURE CAPITAL POST

Significant drops in stocks took place in Asia after the U.S. Federal Reserve Board pared economic stimulus.

The Federal Reserve announcement that it would continue with its monthly bond purchases caused US stocks to drop.

The US central bank said it was going to continue its purchases of bonds worth USD 85 billion a month to keep interest rates low.

Majority of the economists deduced that the size of the US Federal Reserve's bond-buying program would not be tapered.

A Wall Street Journal report cited sources who said Morgan Stanley plans to seek approval from the US Federal Reserve regarding its plans to widen its share repurchase program.

The US Federal Reserve's Beige Book report reflected a somewhat stable US economy in its first week of the government shutdown.

BlackRock CEO Laurence D. Fink said the tapering by the US Federal Reserve would be extended until the March.

Janet Yellen's nomination for the role of chief of US Federal Reserve would add her to the list of women who shape the US economy primarily dominated by men.

US Federal Reserve Chairman nominee Janet Yellen saw no problem in tackling both issues in US unemployment and monetary policies.

US President Barack Obama would nominate the Vice Chairwoman of the Federal Reserve to replace outgoing chairman Ben Bernanke whose term ends in January next year.

Experts expressed confidence that the new USD 100 bill would limit counterfeiting.

After the Federal Reserve announced a halt on its proposed bond buying reduction program, the worldwide tension over the US monetary policy had also subsided, said a Reuters report.

Acquisition of previously owned homes had slumped in August while claims for jobless benefits became lesser last week which showed a contradicting signal regarding the health of the US economy.

According to four top US Federal Reserve officials, the central bank had confused financial markets after announcing a reduced monthly bond buying pace.

Reuters columnist Allison Schrager said one of the reasons why the US Federal Reserve did not manage the recession as well as it should is the nation's aging population.