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JUST IN - Anthony Lianzuala To Take Over As New Controller General Of Accounts KITEX GARMENTS - Board Approves Issue Of Bonus Shares In The Ratio Of 2:5

Fed Monthly Bond Purchases Cut To $55 Bn

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March 20: The U.S. Federal Reserve's first announcement, with new Chief Janet Yellen at the helm, had no surprise on the taper program. But, in a significant shift she announced the decision to alter the Fed's interest rate guidance strategy. Harsha Subramaniam discusses the larger implications of the move with Patrick .J. Bennett, Strategist, Canadian Imperial Bank of Commerce.