FOMC members 'undecided' over further asset purchases
The Federal Open Market Committee's (FOMC) latest minutes, published yesterday, reveal continuing uncertainty among members over how and when to terminate the Federal Reserve's asset purchase programme.
Members' widespread – albeit differing – concerns over ongoing purchases are in the context of deeper fears that slamming on the brakes could hinder the labour market's recovery.
"Several" participants, the minutes said, believed the additional purchases – totalling $40 billion of agency mortgage
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