Fed Bond Purchase Option Kept in Reserve as Officials Weigh Data
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Federal Reserve officials are keeping open the option of a third round of bond purchases in case the economy weakens or inflation stays low.
“A few” members of the Federal Open Market Committee said economic conditions could warrant buying assets “before long,” and others indicated that action would become necessary if the “economy lost momentum” or price gains seemed likely to remain lower than the Fed’s 2 percent goal, according to minutes of their Jan. 24-25 meeting released yesterday in Washington.