Some members wanted more weighting on longer durations
The representatives of the US Federal Reserve recently unanimously supported the bond purchase policy. “All participants felt that it would be appropriate to continue these purchases at least at the current pace and almost all of them were in favor of maintaining the current composition of the purchases,” said the minutes (minutes) of the Federal Reserve's meeting on May 15, published on Wednesday until December 16.
However, some members were open to a higher weighting for bonds with longer maturities. The US Federal Reserve confirmed its very loose monetary policy at its meeting in December. The key rate was not affected and left in a range of 0 to 0.25 percent. The asset purchases and loan programs continued. The Fed is currently buying government bonds and mortgage-backed bonds worth $ 120 billion a month. The aim is to support growth and inflation in the corona crisis. “Substantial further progress” must be made here.
