The value of the dollar rose against other major currencies. Traders anticipated that U.S. interest rates could rise, and potentially strengthen the dollar, if the Fed curtailed its bond buying program.The minutes showed that "several participants" thought the Fed should be ready to vary the pace of its purchases as it adjusts its view of the economy or the benefits and costs of the purchases. The policymakers asked Fed staffers to provide a deeper analysis at upcoming meetings of the issues raised in the discussion.
Fed Minutes Show Concerns About Bond Purchases
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