June FOMC minutes

Minutes: (Baseless) Fear of Low Inflation Caused FOMC to Back Off in June

written by Michael Lewis on July 06, 2016

The minutes of the June 14-15 FOMC meeting contained no bombshells, but they did clear up a few minor mysteries. And they underscored FMI’s initial assessment that the FOMC’s dovish majority was motivated principally by fears that inflation would remain stubbornly “too low,” rather than by any anxiety over the weak May jobs report.