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Fed minutes: Cost of doing too little outweighs cost of doing too much
Jennifer Schonberger·Senior Reporter
Wed, October 12, 2022 at 10:13 PM
Several Fed officials felt that the cost of taking too little action to bring down inflation likely outweighed the cost of taking too much action, according to the minutes of discussions among Fed officials at their policy meeting three weeks ago, echoing recent public statements.
"While the minutes provided some hints that Fed officials are beginning to lay the ground for a slower pace of rate hikes eventually, the overall tone was still hawkish, suggesting that the Fed will push ahead with another 75bp hike at the November meeting," Capital Economics Senior US economist Michael Pearce wrote in a note..............
https://finance.yahoo.com/news/fed-minut...16418.html
Jennifer Schonberger·Senior Reporter
Wed, October 12, 2022 at 10:13 PM
Several Fed officials felt that the cost of taking too little action to bring down inflation likely outweighed the cost of taking too much action, according to the minutes of discussions among Fed officials at their policy meeting three weeks ago, echoing recent public statements.
"While the minutes provided some hints that Fed officials are beginning to lay the ground for a slower pace of rate hikes eventually, the overall tone was still hawkish, suggesting that the Fed will push ahead with another 75bp hike at the November meeting," Capital Economics Senior US economist Michael Pearce wrote in a note..............
https://finance.yahoo.com/news/fed-minut...16418.html
