IPFS News Link • Federal Reserve
Federal Reserve minutes: Many members want action ‘fairly soon’ to boost economy
• http://www.washingtonpost.com, By Steven MufsonAt least one member dissented, however. “One member judged that additional accommodation would likely not be effective in improving the Federal Open Market Committee economic outlook and viewed the potential costs associated with such action as unacceptably high,” the minutes said.
But the minutes said that “most saw no significant changes in the medium-run outlook” and that the Fed board members “agreed to continue to indicate that the Committee anticipates a very gradual pickup in economic activity over time and a slow decline in unemployment, with inflation at or below the rate that it judges most consistent with its dual mandate.”