BLOOMBERG Bloomberg Bottom Line February 18, 2015
The key section many participants indicated there with the beginning of policy normalization in keeping the federal funds rate at an effective lower bound for a longer time. At the same time, some thought it was appropriate to start firming policy. The reasons they might push back would be the need to see further improvement in the labor market more evidence inflation is moving back to the 2 target and that wages are moving higher. They did have concerns about overseas, including china. They all agreed Lower Energy Prices were a plus. They discussed the communications challenge to indicate tha...