Raskin Says Fed to Debate Beginning New Program to Buy Bonds

FOMC meeting will debate new Fed strategy for U.S. economy.

Awaiting FOMC meeting 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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