FOMC Minutes: A "number" on the FOMC favored beginning a tapering of QE as early as June, but...

|By:, SA News Editor
FOMC Minutes: A "number" on the FOMC favored beginning a tapering of QE as early as June, but the committee as a whole decided more progress on the economy is needed first. A few participants expressed concern inflation is under target and say future price developments must be carefully watched. One member wanted to boost asset purchases, while one wanted tapering to begin immediately.