- 12 Jul 2011 at 3:01 PM
FOMC members were split on balancing the potential need for more monetary stimulus against inflation fears, with most members viewing current inflation levels as temporary and driven by energy prices. The minutes sum up the debate on additional easing:
On the one hand, a few members noted that, depending on how economic conditions evolve, the Committee might have to consider providing additional monetary policy stimulus, especially if economic growth remained too slow to meaningfully reduce the unemployment rate in the medium run. On the other hand, a few members viewed the increase in inflation risks as suggesting that economic conditions might well evolve in a way that would warrant the Committee taking steps to begin removing policy accommodation sooner than currently anticipated.
The minutes do not discuss the Fed members’ views, if any, on Paul Krugman’s calls for additional fiscal stimulus and/or magic.
Fed Officials Divided on Further Stimulus [Bloomberg]
- Hedge Fund Manager Keeps A Detailed Record Of All The Asses He's Grabbed
- Bonus Watch '14: Congrats On Being An Investment Banker
- Bill Gross Reacts To George Soros's $500 Million Investment Like He's Been Awarded The Presidential Medal Of Freedom
- Mathew Martoma Is In Miami
- Bonus Expectations Got You Down? Boss Riding Your Ass? Quit And Support Yourself Via Fantasy Football
- David Rubenstein Will Have Warren Buffett Know He's Not A Porn Shop Operator
- Goldman Sachs Is Smart
- Steve Cohen Continues To Rid Firm Of Incentives For Employees To...Y'Know...
- Deal Judge: We're Going To Need A New Master of Coin
- Opening Bell: 11.21.14
- Executive Editor
- Bess Levin
How Can We Help You?
- Send tips to:
- For tech issues email:
- For advertising or events email:
- For research or custom solutions email:
- Dealbreaker is published by Breaking Media.
For a full list of our sites, services and staff visit breakingmedia.com