Fed Saw Manageable Risks of New Bond Buying, Minutes Show
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Federal Reserve policy makers said they could change the size of the central bank’s monthly asset purchases to reduce the risks associated with the program, such as disrupting financial markets and spurring inflation.
“Most participants thought these risks could be managed since the committee could make adjustments to its purchases, as needed, in response to economic developments or to changes in its assessment of their efficacy and costs,” according to the record of the Federal Open Market Committee’s Sept. 12-13 gathering released today in Washington.