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U.S. FED poised to resume bond buying

02:32 02Nov10 - Fed poised to resume bond buying

SINGAPORE/WASHINGTON, Nov 2 - The U.S. Federal Reserve is expected to resume a programme of large-scale asset purchases to try to revive a faltering economic recovery.

KEY POINTS:
-- The Fed will issue a statement on Wednesday around 2.15 p.m. EDT (1815 GMT) following a two-day meeting of its Federal Market Open Market Committee, which sets policy.

-- Analysts widely expect the Fed to resume purchases of longer-term Treasuries. They generally project purchases of around $500 billion over about 6 months.

-- The Fed cut its main policy rate to near zero in December 2008 and later eased again by buying $1.7 trillion in assets.

-- Fed Chairman Ben Bernanke has said long-term asset purchases are an effective way to lower borrowing costs when rates are near zero, but a programme of this size and scope is untested and many worry further expansion of the Fed's balance sheet sets the stage for inflation or another asset bubble.
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(MSE Andrea says ok!)
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