April 2014 FOMC Meeting Minutes: Housing Sector May Pose Downside Risks

 

Econintersect: The 30 April 2014 meeting statement presented the actions taken. This post covers the economic discussion during this FOMC meeting between the members. The Fed’s Balance Sheet (which we report on weekly) continues to grow at record levels (albeit now at a slower pace). 

This was the second meeting chaired by Janet Yellen. The meeting minutes have a slightly different feel with more convergence of views and events. The more interesting points are highlighted in bold below.

One of the more interesting meeting minute statements:

… a number of participants pointed to possible sources of downside risk to growth, including a persistent slowdown in the housing sector or potential international developments, such as a further slowing of growth in China or an increase in geopolitical tensions regarding Russia and Ukraine.

Econintersect publishes below the views of the FOMC members, and ignores the reports given to the members. We are looking for a glimpse of insight into the minds of the FOMC members.