Excerpt
The Federal Reserve, signaling increased optimism that the economy is improving, is scaling back some of the emergency loan programs it created over the last 18 months to deal with the nation's financial crisis.
But the Fed is still concerned about the fragile state of financial markets and said it would extend several of the same programs until early next year in case they might be needed.
"Things have stabilized," said former Fed economist Timothy Yeager, an associate finance professor at the University of Arkansas. "There don't seem to be any more large firms on the brink of failure, and they feel confident that they can start to pull these things back. Yet they don't want to completely remove [the programs] in case they're needed down the line."
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