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Fed Minutes: No Rush to Raise Rates, Now Concerned About Things

scott
in Off-Topic
http://www.zerohedge.com/news/2015-02-18/fomc-minutes-show-dovish-fearful-fed

*MANY FED OFFICIALS INCLINED TO STAY AT ZERO LONGER: MINUTES
*FED OFFICIALS AGREED POLICY SHOULD STAY DATA DEPENDENT
*FED SAYS CONTINUED TEPID WAGE GROWTH COULD RESTRAIN SPENDING
*FED EXPECTED STRONGER DOLLAR TO BE PERSISTENT DRAG ON EXPORTS
*A FEW FED OFFICIALS NOTED RISK DOLLAR COULD STRENGTHEN FURTHER
*FED MINUTES NOTED RISKS FROM CHINA, MIDEAST, UKRAINE, GREECE
*FED OFFICIALS SAW RISKS TO OUTLOOK NEARLY BALANCED AT JAN. FOMC
*FED OFFICIALS SAW RISKS TO OUTLOOK NEARLY BALANCED AT JAN. FOMC
*MANY FED OFFICIALS SAW RISKS IF FOREIGN WEAKNESS WORSENED

Wait, I thought it was just last meeting that problems were transient and that...

Comments

  • heezsafe
    Yeah, I thought the "economic recovery" [by far, the weakest after a recession ev-ah] was moving right along and approaching awesomeness.
  • JohnChisum
    It is interesting to compare the Yellen Fed to the Bernanke or Greenspan Fed. Yellen seems to waffle a bit while the others were firm in their stance though with Greenspan you had to decipher it.

    If the economy is going thru a false start, it seems a good idea to hold pat for a while longer. I still sense this economy is fragile and the West Coast dock workers strike is starting to take hold on the rest of the country.
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