Fed reverses exit plans

http://www.bloomberg.com/news/2010-08-11/fed-reverses-exit-plans-sets-floor-of-2-trillion-for-securities-holdings.html

The Federal Reserve reversed plans to exit from aggressive monetary stimulus and decided to keep its bond holdings level to support an economic recovery it described as weaker than anticipated.

Central bankers meeting yesterday adopted a $2.05 trillion floor for their securities portfolio, pivoting toward a quantitative target for monetary policy.