The Fed could terminate its asset purchase programme "well before the end of 2013", as members of the Federal Open Market Committee (FOMC) fear the potential costs of quantitative easing (QE) could rise as the size of the central bank's balance sheet increases.
Minutes from the FOMC's December 11–12 meeting, released on January 3, reveal almost all members were uncertain about the benefits of ongoing asset purchases, although there was division over when they should be ended.
On one end of the s
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