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re: July 30-31 FOMC Minutes

Posted on 8/21/13 at 1:54 pm to
Posted by LSU0358
Member since Jan 2005
7920 posts
Posted on 8/21/13 at 1:54 pm to
From page 7:

And
if economic conditions continued to develop broadly as
anticipated, the Committee would reduce the pace of
purchases in measured steps and conclude the purchase
program around the middle of 2014. At that point, if
the economy evolved along the lines anticipated, the
recovery would have gained further momentum, unemployment
would be in the vicinity of 7 percent, and
inflation would be moving toward the Committee’s 2
percent objective.

Notice I said "could be", because it wasn't in the Policy action section. Just very interesting to me that 7% was mentioned at all, when it hasn't been before.
Posted by LSURussian
Member since Feb 2005
127265 posts
Posted on 8/21/13 at 1:56 pm to
Good point. Thanks.
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