Fed Cuts Pace of QE Treasury Buying to $50 Billion Per Day
- Trims daily amount for second time since unlimited QE started
- Had previously reduced from $75 billion a day to $60 billion
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The Federal Reserve has further dialed back the pace at which it plans to buy Treasuries under its unlimited quantitative easing program.
The U.S. central bank, which has been aggressively purchasing Treasuries 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 $50 billion next week. The pace had been $60 billion for its most recent two days of purchases, down from an earlier speed of $75 billion per day.