Fed Minutes Show Support For QE3 Bond Buy Tapering

The minutes of the most recent Federal Reserve Open Market meeting have been released. The notes show that there is strong support for beginning to taper the quantitative easing program currently underway at the central bank. The move confirms what most investors seem to have been projecting for some time, that the Fed is about to begin easing off of quantitative easing.

However, the minutes offered few clues about when a reduction in the size of the program might take place. That leaves investors in a quandary as they try to figure out the...