The minutes from the last US Federal Reserve meeting suggest that while the Fed is considering the need to back away the massive spending programs it supported during the recession, it has not developed an actual plan or time frame for doing so.
The Federal Open Market Committee (FOMC) “discussed possible approaches for formulating and communicating key elements of its strategy for removing extraordinary monetary policy accommodation at the appropriate time,” minutes from the March 16 meeting said.
Source: AFP News
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