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:
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just saying that Paul Krugman would be more convincing wizard if he’d named his cat Azrael
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Tags: Fed, FOMC, just saying that Paul Krugman would be more convincing wizard if he'd named his cat Azrael, magic, Paul Krugman, stimulus
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