FOMC minutes show sharp division in projections
Some members argue rates may need to be raised while others make case for easing
Almost all members of the Federal Open Market Committee supported the decision to keep rates on hold in January, according to minutes of the meeting, released on February 18.
However, evidence of the sharp divides on the committee were more evident in the projections for how policy should develop in future. Some participants argued that rates may need to be lowered. Others argued that rates may need to be held. And a third group argued rates may need to be raised.
“Several participants cautioned
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: www.centralbanking.com/subscriptions
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com
More on Monetary Policy
Barr: US labour market ‘especially vulnerable to negative shocks’
Fed governor says FOMC likely to continue holding rates for the time being
Russia has limited room for manoeuvre on policy – experts
Rate cut reflects nervousness rather than confidence about inflation and growth trajectory, say analysts
QT ‘crucial’ if ECB is to tackle future crises, says Nagel
Bundesbank president says dollarisation by way of stablecoins could weaken European sovereignty
Russia eases by 50bp despite inflation risk
Central bank says pro-inflationary threats are still greater than disinflationary ones
Central bank independence ‘a means to an end’ – Miran
Fed governor says autonomy increases chances of monetary policy being aligned with business cycle
RBI keeps policy steady
Policy committee takes positive view of inflation and growth outlook, despite some external headwinds
Cook links stubbornly high US goods prices to Trump’s tariffs
Fed governor, still fighting attempted dismissal, laments stalling of progress on tackling inflation
Full ‘postmortem’ on QE yet to be written – Klaas Knot
Former DNB governor expects Fed to continue international monetary diplomacy under Warsh