The Federal Open Market Committee agreed that its bond buying programme will end with a $15bn taper in October, according to the minutes of its June meeting.
The Federal Reserve has already been reducing the pace of its asset purchase programme by $10bn to $35bn a month.
The minutes said: “If the economy progresses about as the Committee expects, warranting reductions in the pace of purchases at each upcoming meeting, this final reduction would occur following the October meeting.”
It added: “In their discussion of monetary policy in the period ahead, members judged that information received since the Federal Open Market Committee met in April indicated that economic activity was rebounding from the decline in the first quarter of the year.”
