This article from Wall Street Journal written by Nick Timiraos
Federal Reserve officials last month indicated they were on track to begin reversing their easy-money policies later this year, despite lingering differences over when exactly to pull back support for an economy growing faster than they expected earlier in the year.
Minutes of their July 27-28 Fed meeting, released Wednesday, revealed an emerging consensus to begin scaling back the bank’s $120 billion in monthly purchases of Treasury and mortgage securities at any of the officials’ three remaining policy meetings this year.
“Most participants noted that, provided that the economy were to evolve broadly as they anticipated, they judged that it could be appropriate to start reducing the pace of asset purchases this year,” the minutes said.
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Source: https://www.wsj.com/articles/fed-debated-timing-mechanics-of-stimulus-pullback-at-july-meeting-11629309648
