FOMC minutes: Rate would have to reach a 'sufficiently restrictive' level to control inflation – by fx_ross Fed DollarIndex YieldCurve
The Minutes of the Federal Open Market Committee policy decision that took place over the July 26-27 policy meeting that may shed light on just how aggressive they expect to be have been released as follows:
Some participants said the policy rate would have to reach a 'sufficiently restrictive' level to control inflation and remain there 'for some time. Participants agreed there was 'little evidence inflation pressures were subsiding and that it would take a considerable time for the situation to be resolved.
Participants noted recent readings on inflation expectations were 'consistent' with long-run expectations anchored at 2%.
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