Fed may taper asset purchases this year, say FOMC minutes
Federal Reserve staff warn US financial system has “notable” vulnerabilities
A majority of attendees at July’s Federal Open Market Committee meeting said it might be appropriate to begin tapering asset purchases this year.
But the FOMC minutes, published on August 18, showed FOMC members continue to disagree about the future of the Fed’s quantitative easing programme. They also show that Federal Reserve staff expressed concerns about the robustness of the US financial sector. At the July meeting, the FOMC held the Federal funds rate at 0% to 0.25% and authorised in
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