Fed tapered as it saw QE benefits slip over time
WASHINGTON (MarketWatch) — Federal Reserve officials agreed in December to begin winding down their asset-purchase program as most believed that the benefits of the controversial policy were eroding as time passed, according to minutes from their last meeting released Wednesday.
Minutes from the Dec. 17-18 meeting included the results of a survey of officials about the costs and benefits of the program, commonly called quantitative easing. See key excerpts from the Fed minutes.