Breaking News Bar
posted: 1/3/2013 1:58 PM

Fed minutes show some concerns on bond purchases

Success - Article sent! close
Associated Press

WASHINGTON -- Federal Reserve policymakers expressed broad support last month for the Fed's plan to buy bonds to support the U.S. economy. But they differed over how long to keep buying bonds to drive down long-term interest rates.

Minutes of the Fed's December policy meeting show that some of the 12 voting members thought the bond purchases would be warranted through the end of this year.

Others felt the purchases should be slowed or stopped altogether before the end of 2013. This group was concerned that too much bond buying by the Fed might destabilize the economy.

The Fed ended up approving open-ended purchases of $85 billion a month in Treasury securities and mortgage backed bonds to maintain its level of bond purchases.

Share this page
Comments ()
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.