- 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]
- Jefferies Exec Sage Kelly Taking A Timeout From Investment Banking
- Jefferies Exec Sage Kelly (Allegedly!) Employs Unorthodox Approach For Landing Clients (Update)
- Hedge Fund Manager Keeps A Detailed Record Of All The Asses He's Grabbed
- Money Manager Holding Credit Suisse's Funds Hostage Elevates The Whole "I'm 5 Minutes Away!" Text When You Haven't Yet Left Your Apartment To A New Level
- Banker Who Faked His Own Death Fielding Hedge Fund Jobs Offers Left And Right, Says Banker Who Faked His Own Death
- Jefferies Exec Details All The Places He's Never Mistaken For A Toilet
- Guy Whose Quitting Pimco Totally Had Nothing To Do With Bill Gross Treating Him Like Crap Now Back At Pimco
- Jefferies Exec (Allegedly!) Held An Offsite "Mushrooms Day"
- Opening Bell: 10.30.14
- Local Man Accused Of Controlling Hedge Fund All The Way To The Bank
- 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