FBC MONEY With Melissa Francis January 7, 2015
And stronger dollar, likely to keep inflation below target for some time, noted that the committee might begin normalization at a time when core inflation was near current levels although in that circumstance participants would want to be reasonably confident inflation would move back toward the 2 target over time. Right now that core inflation target is running 1 1 2 . The minutes also say that the, most fed participants project raising rates, quote fairly gradually over time. And finally, the minutes say quote, participants generally regard the net effect of recent decline of Energy Prices i...
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