Federal Reserve officials have an end in mind for the latest round of quantitative easing: If all goes to plan, they will taper the central bank’s bond purchases from the current $35 billion a month to zero by October, the minutes from the June monetary policy meeting released Wednesday reveal.

The minutes show that Fed officials “generally agreed” that if the upcoming months show continued acceleration in the labor market and moderate inflation, “it would be appropriate” to continue to taper by $10 billion in the next two meetings and then cut the $15 billion remaining purchases at the October meeting. The Fed has reduced the size of its monthly purchases of Treasury securities and mortgage-backed securities by $10 billion each meeting beginning in December.