16 June 2021 FOMC Meeting Minutes: Participants Surprised That The Actual Rise In Inflation Was Larger Than Anticipated
– this post authored by Steven Hansen
The 16 June 2021 meeting statement presented the actions taken. This post covers the economic discussion during this FOMC meeting between the members. An interesting quote:
… Although they generally saw the risks to the outlook for economic activity as broadly balanced, a substantial majority of participants judged that the risks to their inflation projections were tilted to the upside because of concerns that supply disruptions and labor shortages might linger for longer and might have larger or more persistent effects on prices and wages than they currently assumed …
Source: http://econintersect.com/pages/releases/release.php?post=202107071324
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