A U.S. flag flies on top of the Marriner S. Eccles Federal Reserve building in Washington.
Photographer: Andrew HarrerInside the Fed’s January Meeting: The Annotated Minutes
Are monetary policymakers finally confident that inflation is taking hold?
In January, the Federal Reserve emphasized that monetary policy continuity would endure even as Chair Janet Yellen’s term came to a close. The Fed unanimously voted to keep the rate target unchanged at a range of 125 to 150 basis points and signaled that “further gradual increases” would likely be warranted.
With the release of the minutes from that meeting on Wednesday afternoon, we’ll get more clues on why Fed officials added that much-discussed word—“further”—to the statement.