Fed minutes show ‘some’ officials thought easier financial conditions could mean tighter monetary policy
Minutes of the Federal Reserve’s meeting in early February show that some officials were worried about a then-recent easing in financial conditions.
In their discussion, a “number” of Fed officials noted that... Minutes of the Federal Reserve’s meeting in early February show that some officials were worried about a then-recent easing in financial conditions. In their discussion, a “number” of Fed officials noted that financial conditions had eased, “which some noted could necessitate a tighter stance of monetary policy,” the minutes showed.
“Our focus is not on short-term moves but on sustained changes to broader financial conditions” which “have tightened very significantly over the past year,” he said.
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