The minutes from the Federal Reserve’s September Federal Open Market Committee meeting were released Thursday.
The Fed Minutes detail the discussions and debates which shaped the central banker’s launch of its third round of qualitative easing since 2008. The minutes also give Wall Street insight into future monetary policy.
Despite its large word count, there was very little that was new or surprising in the Fed Minutes, though. This is because, since the Fed’s last meeting, Federal Reserve Chairman Ben Bernanke has publicly clarified and re-iterated the Fed’s positions on employment, housing and inflation.
The minutes provide a strong backdrop to his comments, however.
For example, with respect to the jobs market, Fed members deemed employment “disappointing”, noting that growth in…
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