Minutes: Fed could slow bond buys in coming months

2013-11-20T17:09:00Z Minutes: Fed could slow bond buys in coming months Arizona Daily Star
November 20, 2013 5:09 pm

WASHINGTON — Members of the Federal Reserve agreed last month that they would likely start reducing their bond purchases in coming months if the job market improved further. They also weighed the possibility of slowing the purchases even without clear evidence of a strengthening job market.

The Fed's bond purchases have been intended to keep long-term borrowing rates low to spur spending and growth.

The minutes of the Oct. 29-30 meeting, released Wednesday, also show that members wrestled with how to assure investors that even after they cut back on the $85 billion a month in bond buys, the Fed still intends to keep its key short-term rate near record lows.

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