Wall Street jumped to an all-time high yesterday, after the Federal Reserve Bank announced that it would start a gradual reduction of its bond buying program.
That program has been injecting $85 billion a month into the economy. The Federal Reserve will cut that by a modest $10 billion in January.
Robert Johnson, director of economic analysis at the independent investment research firm Morningstar, joins Here & Now's Jeremy Hobson to discuss what this means for investors and interest rates, as well as homeowners and the housing market.
- Robert Johnson, director of economic analysis at Morningstar, Inc.
This segment aired on December 19, 2013.