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Fed says it could begin ‘gradual tapering process’ by mid-November

From cnbc.com

Federal Reserve officials could begin reducing the extraordinary help they’ve been providing to the economy by as soon as mid-November, according to minutes from the central bank’s September meeting released Wednesday. The meeting summary indicated that members feel the Fed has come close to reaching its economic goals and soon could begin normalizing policy by reducing the pace of its monthly asset purchases. In a process known as tapering, the Fed would reduce the $120 billion a month in bond buys slowly. The minutes indicated the Fed probably would start by cutting $10 billion a month in Treasurys and $5 billion a ... (full story)

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