Fed Slows Pace of Treasury Buying Under Its QE Program

(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.

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