The Dow Jones Industrial Average was down 114.93 points, or 0.32%, at 35,937.70
While US monetary policy was far from hawkish in 2014, it stood in contrast to the ultra-dovish trajectories of central banks in Europe, Japan and other countries
On Tuesday, gold prices hit their highest level since January 8 at $1,916.40
It's up for debate if benefits of bond buying outweighed costs
The Fed's current monetary policy tightening cycle began in December 2015, and it has started trimming the massive portfolio of US Treasury bonds and mortgage-backed securities