FOMC Minutes: Some wanted a quicker pace of tapering

The majority of participants noted the marginal efficacy of QE was declining over time, and a few wanted a larger-than-announced taper in December. However, those concerned about a potential unintended tightening of financial conditions won out and the FOMC ultimately decided to proceed cautiously with the QE exit.

A few suggested lowering the unemployment rate threshold to 6% from 6.5% to convey the Fed's intention to continuing sticking with ZIRP, but the FOMC decided instead to provide qualitative guidance on how it might react to a range of labor market indicators.

Full report

Comments (2)
  • Bioalchemy
    , contributor
    Comments (175) | Send Message
    I really hate the term "qualitative guidance".
    8 Jan 2014, 02:13 PM Reply Like
  • Economic Analyst
    , contributor
    Comments (3723) | Send Message
    "The staff did not see the uncertainty around its outlook for inflation as unusually high,..."


    Understatement of the day.
    8 Jan 2014, 11:26 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs