Fed minutes reveal QE wind-down balancing act

federal reserve

Federal Reserve chairman Ben Bernanke's message at last month's press conference that the Fed is likely to continue reducing the size of its asset purchases by $10 billion at each meeting was aimed at ensuring markets did not think the Federal Open Market Committee (FOMC) would "withdraw policy accommodation more quickly than had been anticipated", according to FOMC minutes released yesterday.

According to the minutes, members believe the committee should "proceed cautiously" in taking its first

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