Adam was all over the FOMC Minutes release during the NY time zone, here and here.

Here is the WSJ’s Fed-watcher Jon Hilsenrath’s follow-up on the minutes (headlines, the article is non-gated if you want more details):

  • Widespread agreement on winding down bond buying
  • Fed wanted to take cautious approach to winding down bond buying
  • Some officials want to place more weight on bubbles
  • Staff financial stability review: mostly green lights
  • Little interest at Fed meeting in changing formal thresholds for raising interest rates
  • Fed staff sees stronger dollar, more optimistic about growth