Despite Retreat, Fed to Keep Bond Buys in Policy Toolkit

(RECAP: The Federal Reserve is on track to end its historic bond-buying program in October, but that won’t mean the disappearance of a central banking tool that proved controversial inside and outside the institution. Though deeply divisive on Wall Street and in Congress and academia, many top Fed officials believe their bond buying helped stabilize markets during the crisis and support economic growth afterward. Fed Chairwoman Janet Yellen recently told a congressional committee she wouldn’t rule out more bond buying in the future.)