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Raskin Says Fed to Debate Beginning New Program to Buy Bonds

Fed GovRaskin says the FOMC meeting next week will look at large-scale purchases of bonds.

By Aki Ito | Updated on July 24, 2012
Awaiting FOMC meeting

July 24 (Bloomberg) — Federal Reserve Governor Sarah Bloom Raskin said the Fed next week will debate whether to begin a program to speed economic growth and reduce unemployment through large-scale purchases of bonds.

Another round of Treasury purchases “is something that will be debated in the upcoming FOMC meeting,” Raskin said yesterday in response to audience questions after a speech in Boulder, Colorado, referring to the Federal Open Market Committee. “It will be debated against the backdrop of the dual mandate” to ensure stable prices and maximum employment.

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