At last month's meeting of the Federal Reserve Board of Governors, the central bank of the United States, participants said it would be earlier than expected when they would embark on a major shift in current monetary easing, reducing the scale of quantitative easing. It turned out that he was showing his point of view.
This was revealed in the minutes of the June meeting released by the Fed on the 7th.
At the meeting, the Fed discussed the quantitative easing that the Fed introduced last year to buy large amounts of government bonds and mortgage-related securities to fund the market. I was struck.
Under these circumstances, the environment will be set up somewhat earlier than previously expected by multiple participants over the time to start a response called "tapering" that will reduce the scale of quantitative easing as the economy recovers. The view was shown.
There was also a concrete opinion that the purchase of mortgage-related securities should be reduced before government bonds in order to deal with the fact that housing prices are soaring.
From the minutes of this meeting, we can see that the Fed is aware of the acceleration of economic recovery and the record rise in prices.
In the financial markets, there is a view that if the Fed determines that employment is steadily improving, it will start tapering by the end of the year, and interest in changing monetary easing measures is increasing.