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.

Copyright 2014 Arizona Daily Star. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Activate

Latest Video

More videos

Centsible Mom: Finding cheap produce in Tucson

Centsible Mom Angela Pitter shares how you can get produce on the cheap with Borderlands Food Bank.


Follow the Arizona Daily Star