Fed split in June on QE timing; Bernanke sees easy policy for now

About half of the Federal Reserve’s policymakers felt the US central bank’s bond-buying stimulus should be brought to a halt by year end when they met in June, but many wanted reassurance the US jobs recovery was on solid ground before any policy retreat.

In the end, most of the US central bank’s 19 policymakers felt it was a good idea to have Fed Chairman Ben Bernanke lay out a road map at a post-meeting news conference on how they likely would wind down the so-called quantitative easing program, minutes from the meeting released on Wednesday showed.

via Business feed http://www.scmp.com/business/economy/article/1280141/fed-split-june-qe-timing-bernanke-sees-easy-policy-now