Economics
Fed Officials Saw Bond-Buying Pace Continuing for ‘Some Time’
- Fed releases minutes of last month’s monetary policy meeting
- Difference between temporary, persistent inflation in focus
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Federal Reserve officials in January expected it would be “some time” before conditions to scale back their massive bond purchases were met, leaving open the question of whether any tapering could start before 2022.
“With the economy still far from those goals, participants judged that it was likely to take some time for substantial further progress to be achieved,” according to minutes of their Jan. 26-27 gathering, published Wednesday.