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By Lukanyo Mnyanda and Wes Goodman - Nov 15, 2012 3:56 AM ET
Federal Reserve Bank of San Francisco President John Williams said yesterday the U.S. central bank will probably buy about $85 billion in bonds per month starting in early 2013 and continue purchasing securities well into the second half of the year to support the economy.
http://www.nytimes.com/2012/11/15/business/economy/fed-minutes-show-interest-in-extending-bond-buying.html
By Peter Schroeder - 11/14/12 02:57 PM ET
By THE ASSOCIATED PRESS
Published: November 14, 2012
The purchases would be intended to reduce long-term borrowing rates to encourage spending and strengthen the economy. The expectation is that more hiring would follow.
Minutes of the Fed’s Oct. 23-24 policy meeting, released on Wednesday, suggested that it would unveil a Treasury-buying plan to replace a program that expires at the end of the year. Under that program, Operation Twist, the Fed has been selling $45 billion a month in short-term Treasury bonds and using the proceeds to buy an equal amount of longer-term securities.
When Operation Twist ends, the Fed will run out of short-term investments to sell. The minutes showed support among Fed policy makers to replace Twist with another program of long-term bond purchases.
By Lukanyo Mnyanda and Wes Goodman - Nov 15, 2012 3:56 AM ET
Federal Reserve Bank of San Francisco President John Williams said yesterday the U.S. central bank will probably buy about $85 billion in bonds per month starting in early 2013 and continue purchasing securities well into the second half of the year to support the economy.
http://www.nytimes.com/2012/11/15/business/economy/fed-minutes-show-interest-in-extending-bond-buying.html
By Peter Schroeder - 11/14/12 02:57 PM ET
The purchases would be intended to reduce long-term borrowing rates to encourage spending and strengthen the economy. The expectation is that more hiring would follow.
Minutes of the Fed’s Oct. 23-24 policy meeting, released on Wednesday, suggested that it would unveil a Treasury-buying plan to replace a program that expires at the end of the year. Under that program, Operation Twist, the Fed has been selling $45 billion a month in short-term Treasury bonds and using the proceeds to buy an equal amount of longer-term securities.
When Operation Twist ends, the Fed will run out of short-term investments to sell. The minutes showed support among Fed policy makers to replace Twist with another program of long-term bond purchases.