Daily News: November 15, 2012

Bloomberg: Some on FOMC See Need For More Bond Purchases


Bloomberg reported that a number of Federal Reserve officials said the central bank may need to expand its monthly purchases of bonds next year after the expiration of Operation Twist, according to minutes of their last meeting.

The article noted that under Operation Twist, scheduled to end in December, the Fed is swapping short-term Treasuries on its balance sheet for longer-term debt. The Fed in addition is buying $40 billion a month in mortgage-backed securities in a third round of so-called quantitative easing aimed at fueling economic growth and reducing unemployment.

To read the Bloomberg article, click here.

To read the FOMC minutes, click here.