Almost all Federal Open Market Committee members agreed that it was not yet appropriate to make a change in the Fed's asset purchase plans, according to the minutes of the FOMC's July meeting, released Wednesday.

"A few members" stressed the importance of being patient and evaluating additional economic information before changing the pace of asset purchases. But a few other members suggested "it might soon be time to slow somewhat the pace of purchases," as outlined in a contingency plan that had been articulated in June.

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