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Fed Worried About Triggering Another ‘Taper Tantrum’

Federal Reserve officials meeting last month worried that changing their commitment to keep interest rates low for a “considerable time” would shake financial markets, minutes of the gathering show.

“Changes to the forward guidance might be misinterpreted as a signal of a fundamental shift in the stance of policy that could result in an unintended tightening of financial conditions,” according to a record of the Federal Open Market Committee meeting on Sept. 16-17 released today.