Econintersect: The 18 June 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).Â
This was the third 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:
… Â If the economy progresses about as the Committee expects, warranting reductions in the pace of purchases at each upcoming meeting, this final reduction would occur following the October meeting.
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.
