And the release of the fed minutes of the meeting on april 30. Lets go to peter cook with the details. At its late april meeting, the fed offered a pretty upbeat assessment of the u. S. Economy. It cut its Bond Buying Program by another 10 billion. Also signaling that the economy is not yet Strong Enough to consider raising Interest Rates. These minutes further reinforce the notion that the fed is not in a hurry to raise rates because it does not see inflation as a major threat right now. That, becauseoted inflation was expected to remain 2 l below the committees objective and the and implement rate was still above participants estimates of islam the committeeel, did not, at present, face a tradeoff between the them ointment and inflation objectives, and an expansion of aggregate demand would result in further progress. There was a discussion still is spelling out even more details. Some thought it would be helpful to the rfi their reasoning underlying the language indicating that even