Economics

Fed Set to Dial Back Pace of QE Treasury Buying Next Thursday

Says it will trim Treasury purchases to $60 billion April 2-3
‘This is a more nimble Fed,’ TD Rates Strategist Misra says

The Marriner S. Eccles Federal Reserve building stands in Washington, D.C.Photographer: Andrew Harrer/Bloomberg

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By Ben Purvis, Emily Barrett, and Alex Harris

March 27, 2020 at 8:54 PM UTC

This article is for subscribers only.

The Federal Reserve will slow the pace at which it buys Treasuries under its unlimited quantitative easing program.

The U.S. central bank, which has been aggressively purchasing Treasuries for the past two weeks in a bid to offset the economic and market fallout from the coronavirus pandemic, on Friday said that it would dial back the daily pace of buying to $60 billion next Thursday and Friday. It will continue purchasing at the existing pace of $75 billion a day for the first three days of next week.