BLOOMBERG Bloomberg Bottom Line August 20, 2014
Improving economy means that the feds timetable for starting to tighten needs to change. With respect to Monetary Policy over the medium run, they generally agreed that labor Market Conditions and inflation had moved closer to the committee longrun objectives in recent months. They most anticipated progress towards the goals continuing. Moreover, many participants the key word there, many noting that it occurred more quickly than expected and it might become appropriate to begin removing Monetary Policy accommodation sooner than they currently anticipated. The key word there being many. Why ar...
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