FOMC Minutes Are Out

Chicago, IL 5/18/2011 (PennyPayDay) -- The following are newswire headlines about the April FOMC minutes:


Fed majority favors raising rates before selling assets

They debated possible exit strategy in detail

Says discussion of exit doesn’t mean tightening imminent

Reiterated that inflation rise likely to be transitory

Almost all FOMC members favored first ceasing MBS reinvestment

Most on FOMC backed using fed funds rate as an “active tool”

Inflation rise transitory

Expect growth to accelerate later in 2011, but expect pickup in growth “to be limited”

Saw higher prices weighing on consumer sentiment

QE3 unlikely without big change in outlook

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