Fed officials felt taper may happen at next few meetings: minutes

Fed officials felt taper may happen at next few meetings: minutes
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WASHINGTON Wed Nov 20, 2013 2:34pm EST

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An eagle tops the U.S. Federal Reserve building’s facade in Washington, July 31, 2013.


Credit: Reuters/Jonathan Ernst










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• Fed staff forecasts from FOMC minutes
  

  2:34pm EST

  
  






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WASHINGTON (Reuters) – Federal Reserve officials felt they could decide to start scaling back the U.S. central bank’s massive asset purchase program at one of its next few meetings, provided this was warranted by economic growth, minutes of the Fed’s October policy meeting showed.




“Many members stressed the data-dependent nature of the current asset purchase program,” said the minutes of the October 29-30 meeting, released on Wednesday.




“Some pointed out that, if economic conditions warranted, the Committee could decide to slow the pace of purchases at one of its next few meetings.”




Policymakers are next scheduled to gather on December 17-18.




(Reporting by Alister Bull; Editing by Chizu Nomiyama)





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