FOMC minutes show split on bond purchases


In the Federal Open Market Committee minutes from the January 24-25 meeting, released on February 15, a split was revealed on the issue of another possible bond-buying programme.

Some committee members thought bond purchases should begin again because unemployment remained high and inflation low. Others said the decision should only be made if the economy weakened further or if inflation stayed below the Fed's target rate of 2%.

Click here to read the minutes.

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