Federal Reserve Minutes: FOMC Split On September QE Taper - Presented by: The Aol. On Network

Minutes released on Wednesday from the Federal Reserve’s latest policy meeting in July revealed FOMC members were split on scaling back on stimulus in September and provided no clear signal on when the central bank would begin to taper its $85 billion-a-month bond-buying program. The minutes from the July 30-31 meeting show “almost all” FOMC members agreed that a change in the purchase program was not yet appropriate. However, one member said improvement in the labor market was an important rea



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