“The Federal Reserve’s recently released minutes of a policy meeting that pointed to growing support for monetary-stimulus measures are a bit “stale” because the U.S. economy has appeared to improve in the last month, said Federal Reserve Bank of St. Louis President James Bullard.
The Fed’s minutes from its latest monetary policy meeting cited a need to roll out a new round of stimulus, likely quantitative easing, if the economy doesn’t pick up the pace of its recovery.
Quantitative easing, under which the Fed buys bonds such as Treasury holdings and mortgage-backed securities from banks, softens the dollar with the aim of kick-starting recovery and sends stocks and higher-risk assets climbing.”
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