Fed officials brace for reduction in bond purchases in November

Federal Reserve officials will look to strike a deal at their next meeting to start cutting back on their easy money policies in November.

Many of them have said in recent interviews and public statements that they may start cutting, or shrinking, their $ 120 billion in monthly treasury bill and mortgage-backed securities purchases this year. While unlikely to do so at their September 21-22 meeting, Fed Chairman Jerome Powell could use this meeting to signal that they are likely to initiate the process during their session. next, November 2 and 3.