BEIJING, Aug. 22 (Xinhuanet) -- The US Federal Reserve appears on track to slow its bond purchases by the end of this year if the economy continues to improve. But it remains divided over the exact timing of the move.

That’s the message from the minutes, or written records, of the Fed’s July meeting released Wednesday. The minutes show Fed policy-makers agree that they won’t raise the short-term interest rate they control from a record low near zero, at least until the unemployment rate falls to 6.5 percent. But few clues are given as to when the central bank will slow its bond buying.

The minutes also give no indication of how fast it will scale back its purchases - or whether it would cut back equally on Treasury and mortgage bond buying.

(Source: cntv.cn)