FOMC Minute总结
• The economy remains “far” from its dual-mandate goals and it will be “some time” before substantial further progress is made
• “A number” of participants suggested that if the economy continues to make progress it would be appropriate at upcoming meetings to start discussing a taper. Interestingly, Powell denied in his press conference that it was time to start talking about talking about tapering yet...and yet that’s exactly what they did
• The acknowledgement that bottlenecks, supply chain disruptions and labor shortages could be restraining growth in some sectors
• “A number of participants” noted that upside inflation pressures could persist longer than originally anticipated. A couple noted the risk that inflation could rise to uncomfortable levels before the committee bothered to respond
• “Several” participants pointed to elevated risk appetite, which is a slowly growing theme
• A suggestion from the system manager that a hike in OER could be appropriate soon
• The economy remains “far” from its dual-mandate goals and it will be “some time” before substantial further progress is made
• “A number” of participants suggested that if the economy continues to make progress it would be appropriate at upcoming meetings to start discussing a taper. Interestingly, Powell denied in his press conference that it was time to start talking about talking about tapering yet...and yet that’s exactly what they did
• The acknowledgement that bottlenecks, supply chain disruptions and labor shortages could be restraining growth in some sectors
• “A number of participants” noted that upside inflation pressures could persist longer than originally anticipated. A couple noted the risk that inflation could rise to uncomfortable levels before the committee bothered to respond
• “Several” participants pointed to elevated risk appetite, which is a slowly growing theme
• A suggestion from the system manager that a hike in OER could be appropriate soon