Fed Could End Monthly Bond Buying Program By October

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Wed, 07/09/2014 - 5:52pm

By MARTIN CRUTSINGER, Associated PressWASHINGTON — Federal Reserve officials are in broad agreement that they will likely announce an end to their monthly bond buying program in October, bringing to a close the third round of massive bond purchases the central bank has relied upon to boost economic growth following the Great Recession. Minutes of the Fed’s June 17-18 meeting released Wednesday showed officials were in basic agreement that the if the economy continues to improve, the final reduction in bond purchases would total a cut of $15 billion and would be announced at the Fed’s Oct.Read more on NewsOK.com

Topics: martin crutsinger associated presswashington federal reserve recession minutes fed s june newsok oct fed s monthly bond buying program agreement officials purchases

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Fed Could End Monthly Bond Buying Program By October

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