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Fed divided on Aug decision to buy Treasuries: report
Reuters: At least seven of the 17 top Federal Reserve officials at the U.S. central bank's August meeting had reservations about the decision to buy more Treasuries, the Wall Street Journal reported on Monday.
In a significant policy shift, the Fed announced at its August 10 policy meeting that it would begin using the proceeds from maturing mortgage securities in its portfolio to buy Treasury notes, an effort to prevent monetary conditions from slowly tightening over time.
