Economics
Fed to Debate Bond-Buying Program in Possible Step Toward Action
- Officials said lack of fiscal support would hurt U.S. recovery
- Powell’s Sept. statement change faced additional opposition
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U.S. central bankers look poised to discuss the future of the Federal Reserve’s asset-purchase program when they meet again in November, potentially heralding a shift in what they buy, or an increase in how much they purchase.
Minutes of the Federal Open Market Committee’s Sept. 15-16 meeting released Wednesday showed that “some participants also noted that in future meetings it would be appropriate to further assess and communicate how the committee’s asset-purchase program could best support” the Fed’s dual-mandate objectives.