FOMC minutes highlight ‘high threshold’ to shifting QE stance
The latest Federal Open Market Committee (FOMC) minutes, released on 4 January, showed certain members of the policy board are keen on maintaining the central bank's second round of quantitative easing unless economic and financial conditions significantly alter.
"Members emphasised that the pace and overall size of the asset purchase programme would be contingent on economic and financial developments; however, some indicated that they had a fairly high threshold for making changes to the
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