Econintersect: The 29 October 2014 meeting statement presented the actions taken. This post covers the economic discussion during this FOMC meeting between the members. The Fed’s Balance Sheet (which we report on weekly) should begin to slightly contract shortly.
One of the more interesting meeting minute statements:
… policymakers might still want to take them [market-based measures of inflation compensation over the next five years as well as over the five-year period beginning five years ahead had declined over the intermeeting period] into account because such a change could reflect increased concerns on the part of investors about adverse outcomes in which low inflation was accompanied by weak economic activity.
The meeting minutes have a slightly different feel with more convergence and divergence of views and events. The interesting points are highlighted in bold below.Econintersect publishes below the views of the FOMC members, and ignores the reports given to the members. We are looking for a glimpse of insight into the minds of the FOMC members.
