Officials at the US Federal Reserve are split on whether to keep buying assets until the end of 2013, according to the minutes of their December meeting.
The minutes show the new front line for debate on the rate-setting Federal Open Market Committee and give the first indication of how big the Fed’s third round of quantitative easing – so-called QE3 – may be in total.
If the Fed keeps buying at the current pace of $85bn a month for the rest of 2013, it would accumulate another $1tn in long-term assets.
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