Fed Discussed Plans to Provide More Economic Support

Federal Reserve officials began contemplating last month how to communicate their plans to keep interest rates near zero and to purchase Treasury securities to spur a stronger economic recovery once commercial activity resumes.

One idea discussed last month included ways to cap yields on short- and medium-term Treasury securities to reinforce the central bank’s verbal guidance around how long it expects to keep rates near zero, according to minutes released Wednesday of the Fed’s April 28-29 policy meeting. Real full article.

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