Fed Meeting Minutes: Attending Officials Discuss or Update Asset Purchase Plan Guidelines Soon_ 东方 Fortune.com

Original title:[Global Finance]Fed meeting minutes: Attending officials discuss or update asset purchase plan guidelines soon

United States Federal ReserveCommitteeNovember announced on 25currencypolicymeetingThe minutes show, join the meetingMidlandReserve officials discussed that asset purchase plan guidelines may be updated soon, including timing, duration, composition, etc., to provide more easing to the U.S. economycurrencyPolicy support.

The minutes of the meeting show many of themMidlandChu officials believeMidlandReserveMonetary policyFederal decision-making agencyOpen marketThe committee may wish to “strengthen guidelines for asset purchase plans soon.” Many officials support the move to “valuation purchase plan guidelines based on qualitative results” and link the Fed’s forecasted asset purchase schedule to economic conditions.

The minutes show that Fed officials believe there is no need to immediately change the pace and composition of the asset purchase plan, but acknowledge that changes in the situation may change to support those adjustments. Meeting officials believe that in order to to provide more monetary easing, the Fed could consider increasing the pace of bond purchases or not changing the pace of bond purchases, but moving to long-term U.S. purchasesnational debtOr extend the time to implement the debt purchase plan.

The minutes show that, given the increased uncertainties facing the US economic outlook, there are also some Fed officials who are unwilling to change asset purchase plan guidelines in the near future. The Fed currently buys 120 billions per monthU.S. dollarTitles, Of which 80 billion dollarsTreasures of the United StatesAnd a $ 40 billion institutionmutualloanFund-Backed Securities.

The minutes also show that the US economy andOccupationThe recovery continues but is far below the pre-epidemic level. Economic outlook largely depends on the progress of the epidemic. Recent data shows that the likelihood of a rebound in the new corona epidemic has increased.Economic riskRelated to the reverse of the coin.

While the epidemic has spread to the United States, affecting families and childrenenterpriseSome of the government aid plans have expired and the US Congress has not yet reached an agreement on a new round of outbreak relief plans.economistThe US economic recovery is generally expected to slow sharply in the fourth quarter of this year, and the possibility of a recession again early next year is not even ruled out.

Since the outbreak of the new crown epidemic in the United States, the Federal Reserve has repeatedly introduced monetary easing policies to support the U.S. economy.In March of this year, the Federal Reservebottominterest ratetargetsThe range was lowered between zero and 0.25% and the “no limits” quantitative easing policy was introduced to essentially purchase US Treasuries and institutionsMutualSupporting titles, amarketIt injects a lot of liquidity. The Fed will hold its next regular monetary policy meeting from December 15-16.

(Source: Xinhua Finance)

(Responsible publisher: DF524)