Most Fed Officials Saw Tightening ‘Soon,’ Favored Unwind Plan
- Minutes point toward June, provided recent weakness transitory
- Balance-sheet caps to be increased in three-month increments
What We Learned From the Latest FOMC Minutes
This article is for subscribers only.
Most Federal Reserve officials judged “it would soon be appropriate” to tighten monetary policy again and backed a plan that would gradually shrink their $4.5 trillion balance sheet.
“Most participants judged that if economic information came in about in line with their expectations it would soon be appropriate for the committee to take another step in removing some policy accommodation,” according to minutes from the Federal Open Market Committee’s May 2-3 gathering released Wednesday in Washington.