U.S. Federal Reserve Meeting Minutes For September 23
Good and bad news mixed in, but no surprises.
(RED = Negative Views on Economy Green = Positive Views on Economy)
- Fed Members Said Employment Conditions `Remained Weak’
- FOMC Members Said Financial Markets `Broadly Positive’
- FOMC Members Said Housing Activity Rising, Prices Stabilized
- Fed Members Said Unemployment Unlikely To Fall `Appreciably’
- Fed Members Expressed Uncertainty On Outlook Without Govt Aid
- Many FOMC Members Said Consumers Likely To Remain Cautious
- Most FOMC Members Saw `Substantial’ Labor Slack In Coming Years
- Many FOMC Members Raised Economic Projections For Second Half
- Most FOMC Members Thought An Economic Recovery Was Underway
- Many FOMC Members Said Recovery Likely To Be `Quite Restrained’
- FOMC: Overall Economic Activity Beginning To Pick Up
- FOMC Says Gradual Housing Sector Recovery Underway
- FOMC Discussed Need For Flexibility On Size Of Asset Purchases
- Some FOMC Members Favored Increasing Limit To MBS Purchases
- Fed Economists Saw Core Inflation Slowing Over Next Two Years
- Fed Economists Saw Unemployment Declining To 8% By End Of 2011
- Fed Economists Saw Unemployment Falling To 9.25% By End Of 2010
- A Few On FOMC Wanted To Slow Asset Purchases Over Longer Period
- Fed: Some FOMC Members Wanted To Taper Asset Purchases Quickly
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