The US Federal Reserve is backing away from open-ended asset purchases as officials grow nervous about the dangers of a bigger balance sheet.
According to the minutes of its January meeting released yesterday, “many” officials are concerned about the costs and risks of further asset purchases, as the Fed buys securities at a pace of $85bn a month.
The minutes suggest that QE3 – as the Fed’s third round of quantitative easing is known – could end earlier than previously thought and is no longer a truly open-ended programme. The Fed’s balance sheet has reached $3.078tn and could exceed $4tn if QE3 continues for the rest of the year.
您已閱讀27%（636字），剩餘73%（1690字）包含更多重要資訊，訂閱以繼續探索完整內容，並享受更多專屬服務。