Fed minutes reveal split on tapering stimulus

07/10/2013 | Bloomberg

Members of the Federal Reserve's policy-setting panel say they want to see more employment gains before reducing stimulus, but they also "judged that a reduction in asset purchases would likely soon be warranted," according to minutes of their June meeting. "About half" of participants say tapering should be timed for this year, while others mention 2014 and a few suggest beginning immediately, the minutes show.

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