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