Fed Minutes Cast Some Doubt on Tapering

Everyone is wondering whether Federal Reserve policymakers will decide to pull back on asset purchases next month.

Minutes from the last Fed meeting in July cast some doubt on whether the central bank will move to curtail its bond buying program sooner rather than later, and show that the Fed members are still divided on when they should begin “tapering.”

A summary of the meeting, held July 30-31, indicates the economy is not growing as fast as some board members had hoped.

“The data received since the forecast was prepared for the previous meeting suggested that real GDP growth was weaker, on net, in the first half of the year than had been anticipated,” the minutes said.


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