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The Boston Globe

Business

Fed wants to keep bond program into midyear

WASHINGTON — A majority of Federal Reserve policy makers want to continue extraordinary bond purchases to help boost the US economy at least through the middle of the year, according to minutes from the Fed’s last meeting released Wednesday.

But many members indicated they want to slow and eventually end the program before the end of the year, as long as the job market and economy show sustained improvement. The Fed’s purchases of about $85 billion a month in Treasury and mortgage bonds are intended to lower long-term interest rates and encourage more borrowing and spending.

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