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

According to Jin Ten's report, the Federal Reserve's survey shows that respondents expect the Federal Reserve's short-term Treasury purchases to be around $220 billion over the next 12 months. Federal Reserve policymakers decided to start purchasing short-term Treasury bonds at the December meeting, believing that reserves in the financial system have fallen to a "moderately ample" level. The Federal Reserve stated that it will purchase approximately $40 billion in short-term Treasury bonds each month and will conduct two more such operations in January.