Tuesday, July 12, 2011

Fed minutes: some ready to ease if recovery lags

WASHINGTON (Reuters) - Some Federal Reserve officials are ready to provide more monetary policy easing if the recovery is too sluggish to cut the lofty unemployment rate and if inflation eases as expected, minutes of their June meeting released on Tuesday show.

Others disagreed and said that if recent increases in inflation do not moderate, the Fed should consider tightening policy sooner than expected.
 Source.

1 comment:

M. Jordan Lichens said...

I always forget that, according to the narrative of the Obama administration and the Fed, the recession has been over for two years. I remind myself of this because it keeps me from flying into a rage whenever there's an 'if' in regards to the recovery being too sluggish.