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According to Federal Reserve meeting minutes released Wednesday, Fed policymakers vigorously debated whether to begin tapering its economic stimulus last month, with some wanting to hold off and others preferring a more dramatic reduction. At its December 17-18 meeting, the Fed surprised financial markets by agreeing to trim its $85 billion in monthly bond purchases by $10 billion, citing recent improvement in the labor market and economy.
|Fed Minutes: Policymakers Debate Tapering Pace|
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