FOMC views differ on scale of asset purchases

Senior Federal Reserve officials disagree on the amount of Treasuries and mortgage-agency debt the central bank should buy, minutes of the last Federal Open Market Committee (FOMC) show.

"One member preferred to focus additional purchases on longer-term Treasury securities, whereas another member preferred to focus on agency mortgage-backed securities," the minutes, out Thursday, said, adding: "Several members felt that the significant deterioration in the economic outlook merited a very subs