She is going to do very gradually at the rate of 10 billion dollars per month for three months, and then will increase to 10 billion every three months.
USA stock index futures were little changed on Wednesday as investors awaited clues from the Federal Reserve meeting on whether the central bank will raise interest rates for a third time this year.
The Fed's interest rate policy can have an impact on mortgage rates and cap rates, and by extension property prices.
US stock indexes are pointed toward narrowly mixed openings when the NY day session begins.
The key question is whether the committee's expectations for the federal funds rate have declined in light of the surprising deceleration in the inflation data since the start of the year.
He said there was "early profit taking after the Fed unexpectedly maintained its hawkish outlook for interest rates on Wednesday".
While Fed officials cautioned that the devastation of Hurricanes Harvey, Irma and Maria would hold back the US economy in the "near term", they said the storms would not "materially alter" the country's economy overall.
Since 2015, the Fed has raised rates four times by a quarter percentage point, after keeping interest rates close to zero for seven years.
During a press conference, Fed Chairwoman Janet Yellen emphasized that the central bank is not "locked in" to a policy path and will continue to adjust its plans as necessary, depending on economic conditions. The U.S. dollar-Turkish Lira index hit 3.52 following the Fed's decision, while it closed the day at 3.47.
Investors focused on Fed's policy statement and projections due to be released at 2 p.m. ET (1800 GMT). "Instead, the United States central bank chose to look past low inflation and said the harm of the Hurricanes would have no lasting economic impact", he said.
"First, is the Fed actually more on a present course to hike than we had previously thought?", he says. If the FOMC does the unexpected and hike rates now, instead of waiting until December as the consensus anticipates, it would be likely to produce a strong rise in the Dollars which might be the catalyst for a trend reversal.
"Consistent with its statutory mandate, the [Federal Open Market] Committee seeks to foster maximum employment and price stability", according to a statement by the Fed. But economic growth and low unemployment suggest they should act.