Most Federal Reserve officials agreed they could start reducing the pace of their bond-buying purchases this year because they had hit their inflation goal and were closer to reaching their standard for progress on reducing unemployment.
“Various participants commented that economic and financial conditions would likely warrant a reduction in coming months,” minutes of the Federal Open Market Committee’s July 27-28 gathering released Wednesday said. “Several others indicated, however, that a reduction in the pace of asset purchases was more likely to become appropriate early next year.”
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