Federal Reserve Chairman Jerome Powell had said that Fed officials had discussed whether and how a bond buying program might be altered to provide more economic support. At their meeting earlier this month, Federal Reserve officials discussed possible future adjustments to the central bank’s monthly bond purchases to boost the economy. The purchases have included US$80 billion a month in Treasury bonds and US$40 billion in mortgage-backed securities. The minutes show that while no decision was taken on what to do or when, Fed officials were keeping their options open. Federal Reserve Chairman Jerome Powell had said at a news conference following the two-day meeting that Fed officials had discussed whether and how a bond buying program might be altered to provide more economic support.-AP

Source: The Standard November 26, 2020 06:22 UTC