Fed Minutes: Policymakers Debate Tapering Pace
According to Federal Reserve meeting minutes released Wednesday, Fed policymakers vigorously debated whether to begin tapering its economic stimulus last month, with some wanting to hold off and others preferring a more dramatic reduction. At its December 17-18 meeting, the Fed surprised financial markets by agreeing to trim its $85 billion in monthly bond purchases by $10 billion, citing recent improvement in the labor market and economy.
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