Fed could extend asset purchases, minutes show

federal reserve

The Federal Reserve could make additional asset purchases next year to boost the US labour market, according to minutes from the Federal Open Market Committee's (FOMC) October 23–24 meeting, published on November 14.

The minutes reveal a number of members believe extra asset purchases would likely be necessary to generate "sustained improvement" in the labour market. However, several participants cautioned that "sizable" purchases could eventually harm the functioning of asset markets and could

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