Ahead of jobs miss, some Fed officials edged towards taper debate
By Howard Schneider and Ann Saphir
Reuters
WASHINGTON (Reuters) - A number of Fed officials appeared ready to consider changes to monetary policy based on a continued strong economic recovery, according to minutes of the U.S. central bank s April meeting, but data since then may have already changed the landscape. A number of participants suggested that if the economy continued to make rapid progress toward the (policy-setting) Committee’s goals, it might be appropriate at some point in upcoming meetings to begin discussing a plan for adjusting the pace of asset purchases, the minutes said in the most overt reference yet to a possible taper of the Fed s crisis-fighting bond purchases.
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