13 December 2017 FOMC Meeting Minutes: When Will The Next Federal Funds Rate Increase Occur?
– this post authored by Steven Hansen
The 01 November 2017 meeting statement presented the actions taken. This post covers the economic discussion during this FOMC meeting between the members (minutes were released today). There was considerable discussion on inflation and timing on the next federal funds rate increase, and an interesting quote:
… Participants discussed several risks that, if realized, could necessitate a steeper path of increases in the [federal funds] target range; these risks included the possibility that inflation pressures could build unduly if output expanded well beyond its maximum sustainable level, perhaps owing to fiscal stimulus or accommodative financial market conditions …
Source: http://econintersect.com/pages/releases/release.php?post=201801031315
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