FOMC members saw QE continuing ‘through midyear’ at March meeting

At the latest Federal Open Market Committee (FOMC) meeting, "all but a few" of its members agreed the Fed should continue its asset purchase programme at "about the current pace at least through midyear", according to minutes published today.

At the meeting, on March 19–20, the FOMC voted to maintain the existing pace of purchases – $40 billion worth of agency mortgage-backed securities and $45 billion of longer-term Treasury securities each month.

"A number" of participants anticipated tapering