FOMC minutes reveal disagreement on forward guidance

Members' views on details of ‘qualitative language' differ markedly

Janet Yellen's first FOMC meeting
Federal Reserve

A number of members of the Federal Open Market Committee (FOMC) emphasised the perils of using "thresholds, triggers, or floors" in formulating forward guidance during a video conference the committee held last month, Fed minutes released yesterday show - suggesting the bank's use of forward guidance to date has divided opinions on the FOMC.

The video conference on March 4, convened specifically to discuss changes to the bank's forward guidance, also saw members disagree over the design of

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