In his speech on the central bank’s new policy framework released on Monday by the Fed’s vice chairman Richard Clarida, there was no hint as to whether he would support changing the Fed’s current asset purchase plan.

“At the November Federal Open Market Committee meeting, we discussed our asset purchase plan and its key role in supporting economic recovery.” Clarida said in an online event organized by the Brookings Institution.

At the same time, Clarida express that, “Looking to the future, we will continue to monitor the development of the situation and evaluate how our ongoing asset purchases can best support our goal of achieving maximum employment and price stability.”

Earlier on Monday, economists at JPMorgan Chase (117.3, 3.22, 2.82%) expected the Fed to decide to extend its monthly purchase of US$80 billion in US Treasury bonds at its December 15-16 meeting to reduce long-term earnings. rate.

Fed officials kept interest rates close to zero at the November policy meeting and did not change the asset purchase plan. The Federal Reserve currently purchases approximately US$120 billion in US Treasury bonds and mortgage-backed bonds each month, partly to reduce the borrowing costs of businesses and households.

Powell said at a post-conference press conference that the central bank may change the composition, duration, scale, or duration of the plan to provide more stimulus to the economy.

Clarida did not comment on the economic outlook in his speech.