June 18, 2014
By CentralBankNews.info
The U.S. Federal Reserve trimmed its asset purchases by another $10 billion in July to a total of $35 billion and confirmed that it was likely to continue to reduce the pace of purchases – commonly known as quantitative easing – in coming months if the labour market continues to improve and inflation moves back to its long-run objective.
The Fed’s policy-making body, the Federal Open Market Committee (FOMC), also repeated its guidance that “a highly accommodative stance of monetary policy remains appropriate” and it continues to anticipate that it will “maintain the current target range for the federal funds rate for a considerable time after the asset purchase program ends.”
