Tuesday, August 30, 2011

August FOMC Minutes are Out

August FOMC Minutes are OutNorthern, WI 8/30/2011 (PennyPayDay) -- The following are newswire headlines about the August FOMC minutes:

FOMC discussed a range of tools, such as asset buying, maturity shift and interest on reserves.

Fed mulled specifying inflation and unemployment rate for funds pre-commitment pledge

A “few members” of FOMC sought stronger action at meeting

Some Fed officials said more asset purchases could be used

Some on Fed said economy “vulnerable to adverse shocks”

Fed staff economists reduced estimate for potential growth

FOMC saw increased “degree of uncertainty” on economic growth

FOMC says it held a videoconference on debt cap issues on August 1

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