-
January FOMC minutes: Little risk in pause
Federal Reserve policymakers thought pausing on U.S. interest rate hikes last month posed little risk and plenty of benefit, minutes from their Jan. 29-30 meeting showed, giving them time to assess the effects of a global slowdown and the Fed’s rate hikes to date on U.S. economic momentum. Participants agreed on the importance on being flexible on balance sheet normalization and most thought it desirable to announce soon a plan to end the Fed’s asset holdings reduction later this year. “The one takeaway is that it seems to me that if the Fed is going to do anything that the next move would probably still be a ... (full story)