The Federal Reserve expects to purchase $220 billion in short-term government bonds over the next 12 months.

ChainCatcher News, according to Jinshi reports, a Federal Reserve survey shows that respondents expect the Federal Reserve’s short-term government bond purchases to be approximately $220 billion over the next 12 months. Federal Reserve policymakers decided at the December meeting to start purchasing short-term government bonds, believing that reserves in the financial system have fallen to a “moderately ample” level. The Federal Reserve stated that it will buy about $40 billion worth of short-term government bonds each month and will conduct two more such operations in January.