FOMC Minutes: "Asset purchases should not adversely affect the ability of the Committee to...

|By:, SA News Editor
FOMC Minutes: "Asset purchases should not adversely affect the ability of the Committee to tighten the stance of policy when doing so becomes appropriate," is the conclusion of the Fed staff. Most participants, according to the minutes, believe the risks of "adverse effects" from asset purchases "could be managed." Dissenting from the vote on QE∞ was the Richmond Fed's Jeff Lacker.