The minutes of the March 15th Federal Reserve meeting released earlier today show the voting members of the Federal Open Market Committee conflicted over the question of further stimulus spending.
“A few participants indicated that economic conditions might warrant a move toward less-accommodative monetary policy this year; a few others noted that exceptional policy accommodation could be appropriate beyond 2011,†read the minutes of the meeting. “Almost all†Fed officials also saw no need to “taper†Treasury buying after June, jettisoning their prior strategy of reducing the pace of purchases while stretching out their duration.
Source: Bloomberg
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