Fed Looks at Treasury Purchases to Keep Rates Low Amid Taper
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As Federal Reserve policy makers consider a world without quantitative easing, they are dusting off an idea similar to one proposed by Ben S. Bernanke a decade ago to ward off deflation.
Policy makers discussed creating a program to buy short-term Treasury securities to keep yields in line with their policy intentions, according to minutes of their Oct. 29-30 meeting released this week.