Brainard says they’re poised to increase the number of bond purchases

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The US Federal Reserve is prepared to increase the amount of bond purchases if necessarySt. Louis Federal Reserve Chairman James Bullard said Wednesday, Reuters reports.

“Asset purchases have been a key part of the monetary policy response to the pandemic and are providing substantial support in the form of lower rates,” added Bullard. “Mortgage-backed securities purchases, in particular, are offering direct support.”

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