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Powell Notes FOMC Discussed Asset Purchase Program Tweaks

FED
  • At our meeting, we reviewed considerations around how our asset purchases might be adjusted, including their pace and composition, once economic conditions warrant a change.
  • Participants expect the economy will continue to move toward our standard of "substantial further progress".
  • In coming meetings the committee will assess the economy's progress toward our goals, and the timing of any change in the pace of our asset purchases will depend on the incoming data.
  • As we've said, we will provide advanced notice before making any changes to our purchases.
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