Timing of cutback to Fed stimulus still unclear | Bangkok Post: news

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Timing of cutback to Fed stimulus still unclear

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The timing of the Federal Reserve's plan to reduce its stimulus program remained unclear Wednesday after minutes of its last policy meeting showed divisions over the strength of economic growth. 

The US Federal Reserve building is seen on July 30, 2009 in Washington, DC. The timing of the Federal Reserve's plan to reduce its stimulus program remained unclear Wednesday after minutes of their last meeting showed divisions over the strength of economic growth.

With turmoil sweeping markets in emerging economies over the prospect of tighter supplies of the US dollar, the minutes confirmed the Fed's intention to begin pulling back on its $85 billion a month bond purchases.

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