Now that the U.S. economy is on the mend, the Federal Reserve this year can focus on how and when to pull back the stimulus money pumped out to fight the financial crisis. With his prospects for another term brightening, Fed chief Ben Bernanke will lead that effort.

At their first meeting of the year, Fed policymakers are likely weighing such matters, including which tools to use. The officials are slated to issue a policy statement Wednesday when they wrap up their two-day session.