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Fed leaders had varied views on August policy action
The Washington Post: Federal Reserve officials were divided at their Aug. 10 meeting over whether they should resume purchases of Treasury bonds and what impact the move could have on the nation's economy, according to minutes released Tuesday.
In the end, the Fed's policymaking committee elected to reinvest money from maturing mortgage securities in government bonds by a 9 to 1 vote. But the minutes show that there was wider disagreement behind closed doors than that final tally may suggest.
