Minutes show hint of taper talk at Fed meeting

Some officials at the US Federal Reserve want the central bank to consider tapering a key part of its policy if the economy continues to recover.

This was revealed in the minutes of the Fed's April meeting, released on Wednesday. It says several policymakers suggested that if the economy continues to make rapid progress toward the Fed's goal, it might be appropriate to discuss at some point scaling back the bank's pace of asset purchases.

The central bank has carried out a massive bond-buying program since last year to underpin the economy by keeping interest rates low and making more liquidity available. But tapering the purchases has since come into focus, now that the economy is beginning to emerge from the pandemic.

Speaking after the meeting back in April, Fed Chairman Jerome Powell said the time was not right for trimming bond purchases.

The Federal Reserve's next policy meeting is in mid-June.