The central bank is currently buying bonds with a monthly volume of $ 120 billion.
(Photo: AP)
Washington The US Federal Reserve is heading for an early reduction in bond purchases to support the economy. The restriction on the purchase program could begin in mid-November or mid-December, according to the minutes (minutes) of the Federal Reserve’s meeting on September 21-22, published on Wednesday. If the economic recovery continues, the bond purchases could expire around mid-2022, it said.
The US Federal Reserve is currently buying government and mortgage bonds worth $ 120 billion a month. In the financial markets, it is increasingly expected that the first steps out of the extremely loose monetary policy will soon begin. Most recently, a surprising rise in inflation had heightened expectations that the central bank could decide to reduce bond purchases this year.
More: US prices rise 5.4 percent in September
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