Fed minutes Archive

Fed minutes, cont.

[Skip to the end] Just in case you thought the FOMC understands monetary operations and reserve accounting. (And I didn’t see any discussion on the swap lines to foreign CBs) Participants discussed the potential advantages and disadvantages of setting quantitative targets for bank reserves or the monetary base. Some were of the ...Read More

Fed Minutes

[Skip to the end] Contraction for all of 2009 and core inflation to fall through 2010. In the forecast prepared for the meeting, the staff revised down sharply its outlook for economic activity in 2009 but continued to project a moderate recovery in 2010. Real GDP appeared likely to decline substantially in ...Read More