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re: July 30-31 FOMC Minutes
Posted on 8/21/13 at 1:39 pm to OnTheBrink
Posted on 8/21/13 at 1:39 pm to OnTheBrink
Link added.
Also, important note it looks like the new unemployment goal could be 7% where previous meetings have mentioned 6-6.5. In itself 7% is not important, but looks like some members could be pushing a more agressive timeline.
Also, important note it looks like the new unemployment goal could be 7% where previous meetings have mentioned 6-6.5. In itself 7% is not important, but looks like some members could be pushing a more agressive timeline.
2
Posted on 8/21/13 at 1:41 pm to LSU0358
Pretty obvious they know what's going on in the economy, but sticking to their tapering guns. Shows two things:
1) The Fed is focused on the flow effects from decreased mortgage and Treasury issuance.
2) They want to make sure the tapering plans are in place so the first decision the new Chairman makes doesn't increase volatility and reduce credibility.
1) The Fed is focused on the flow effects from decreased mortgage and Treasury issuance.
2) They want to make sure the tapering plans are in place so the first decision the new Chairman makes doesn't increase volatility and reduce credibility.
Posted on 8/21/13 at 1:43 pm to LSU0358
quote:
important note it looks like the new unemployment goal could be 7% where previous meetings have mentioned 6-6.5.
quote:
In addition, the Committee reaffirmed its intention to keep the target federal funds rate at 0 to ¼ percent and retained its forward guidance that it anticipates that this exceptionally low range for the federal funds rate will be approp riate at least as long as the unemployment rate remains above 6½ percent, infla- tion between one and two years ahead is projected to be no more than a half percentage point above the Committee’s 2 percent longer-run goal, and longer- term inflation expectations continue to be well anchored.
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