The following video is from Wednesday's edition of Investor Beat, in which host Chris Hill and Motley Fool analysts Jason Moser and Evan Niu break down the biggest investing stories from the market today.
Chairman Ben Bernanke announced the Federal Reserve will further cut the bond-buying program by another $10 billion. Starting in February, the Fed will buy $65 billion in bonds per month, down from $75 billion. Also starting in February is Bernanke's post-Fed career, as Janet Yellen takes over as chairwoman. In the lead story from today's Investor Beat, the guys discuss their joy at not seeing a market panic on the news, and what the Fed's policy will look like as the U.S. reaches its unemployment rate target, and beyond.
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