Investing.com investing.com 06 Jan, 2021 20:15 am

Fed Members Support Status Quo on Policy Outlook, Minutes Show By Investing.com

Fed Members Support Status Quo on Policy Outlook, Minutes Show By Investing.com
Fed Members Support Status Quo on Policy Outlook, Minutes Show

com - Federal Reserve policymakers continued to back the status quo of near-zero rates and bond purchases to support the recovery as vaccines are rolled out across the country, according to the minutes of the central bank's last policy meeting released Wednesday.25% and the pace of bond purchases at a $120 billion monthly pace."I am hopeful that in fairly short order we can start to recalibrate [the $120 billion monthly bond purchases]," Atlanta Fed President Raphael Bostic said in an interview with Reuters on Monday.Any eventual tapering of bond purchases is likely to be gradual, according to the minutes.

New York governor boosts sports betting, cannabis to help pandemic-battered economy p NEW YORK (Reuters) - New York Governor Andrew Cuomo, facing an economic chasm resulting from COVID-19 shutdowns, wants to follow neighboring New Jersey in legalizing mobile sports.There was also broad consensus among most committee members to let inflation run above the 2% target as the potential risk of runaway inflation - led by pent-up demand amid easing virus restrictions - is unlikely as near-zero rates give the fed plenty of room to maneuver.

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