WE NEED YOUR HELP!
Please donate to keep ReaderRant online to serve political discussion and its members. (Blue Ridge Photography pays the bills for RR).
A significantly worsening economic outlook forced the Federal Reserve's hand in mid-March, leading the Federal Open Market Committee to commit to buy up to $1.25 trillion in long-term assets to goose the economy and prevent a slide into deflation, according to minutes of the March 17-18 meeting released Wednesday.
The summary of the meeting indicates little debate among the FOMC members on the question of buying longer-term Treasurys, with the major disagreement coming over how much to buy.
[SNIP]
Almost all members of the policy-setting committee of the U.S. central bank said risks were rising that the economy would worsen more than forecast, and they all agreed that inflationary pressures would remain subdued for some time, according to the heavily edited minutes[Numan's emphasis].
