(C) Bloomberg. WASHINGTON, DC – MARCH 24: Sheets of one dollar bills run through the printing press at the Bureau of Engraving and Printing on March 24, 2015 in Washington, DC. The roots of The Bureau of Engraving and Printing can be traced back to 1862, when a single room was used in the basement of the main Treasury building before moving to its current location on 14th Street in 1864. The Washington printing facility has been responsible for printing all of the paper Federal Reserve notes up until 1991 when it shared the printing responsibilities with a new western facility that opened in Fort Worth, Texas. (Photo by Mark Wilson/Getty Images) Photographer: Mark Wilson/Getty Images North America
(Bloomberg) — The Federal Reserve further dialed back the pace at which it plans to buy Treasuries under its unlimited quantitative easing program.
The U.S. central bank, which has been aggressively purchasing Treasuries in a bid to offset the economic and market fallout from the coronavirus pandemic, on Friday said that it would buy securities at a pace of about $15 billion a day April 20-24. It bought around $30 billion a day this week following several earlier reductions.
The current round of Treasury purchase operations began March 13 and peaked in size at $75 billion per day from March 19 to April 1.
There will be two operations a day covering either nominal Treasuries or inflation-protected securities, according to the schedule.
(C)2020 Bloomberg L.P.
Fed Slows Pace of Treasury Buying Under Its QE Program
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