USD 2021-01-06 19:10

FOMC meeting mintues key points

 FOMC meeting mintues key points

Some participants noted that the Committee could consider future adjustments to its asset purchases-such as increasing the pace of securities purchases or weighting purchases of Treasury securities toward those that had longer remaining maturities-if such adjustments were deemed appropriate to support the attainment of the Committee's objectives.

A few participants underlined the importance of continuing to evaluate the balance of costs and risks associated with asset purchases against the benefits arising from purchases.There was also some taper talk:A number of participants noted that, once such progress had been attained, a gradual tapering of purchases could begin and the process thereafter could generally follow a sequence similar to the one implemented during the large-scale purchase program in 2013 and 2014.Here is the view on the economy:"

The recent sharp resurgence in the pandemic suggested that the near-term risks had risen, while the recent favorable developments regarding vaccines pointed to some reduction in the downside risks over the medium term.