FOMC minutes from the April 26-27 meeting show a clear division on when to begin tightening...

|By:, SA News Editor
FOMC minutes from the April 26-27 meeting show a clear division on when to begin tightening monetary policy, with some officials saying that an exit might come sooner than expected while others were concerned early rate hikes would stifle any recovery. Some said they would only support QE3 if there was a significant change in the economic outlook.