FOMC meeting is on 18 Dec (Wed).
Ben Bernanke earlier said he will start tapering the asset purchases by this year end and completely wind up by next june.
But also told the decision depends on economic data , more importantly job market.
FOMC is the monetary policy meeting of USA.
They presently buy 85 billion $ of bonds every month. This is a process called quantitatiive easing.
The main purpose of this scheme is to give funds to companies at near zero interest rate, to help economic recovery in USA.