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FOMC discussed, rejected, ending balance of risk statement
FOMC: Inflation downtrend not yet 'definitively established'
FOMC agreed inflation remained 'predominant' concern
FOMC 'optimistic' risk of large housing downturn had eased
FOMC saw less downside growth risks at Jan. meeting
FOMC in Jan. saw improved odds that inflation would diminish
Jan. minutes show FOMC more upbeat on growth, inflation
Fed members in Jan. saw more favorable outlook for economy
By Greg Robb Last Update: 2:00 PM ET Feb 21, 2007
WASHINGTON (MarketWatch) - Federal Reserve officials at their January meeting shrugged off past concern and said the outlook for growth and inflation was looking promising, according to minutes of the meeting released Wednesday. The minutes of the Jan. 30-31 meeting said that FOMC members saw "a more favorable outlook" for prices and growth than had been anticipated. Only one month earlier, FOMC members had been concerned that a "subdued tone" of economic data meant risks to growth had increased. The Fed members maintained their view that inflation was the top concern of the central bank. Despite the recent good news on inflation, members said it was not clear yet that a downtrend on core inflation had been "definitively established." After all, the drop in energy and rent prices could well be temporary, members said.
FOMC discussed, rejected, ending balance of risk statement
FOMC: Inflation downtrend not yet 'definitively established'
FOMC agreed inflation remained 'predominant' concern
FOMC 'optimistic' risk of large housing downturn had eased
FOMC saw less downside growth risks at Jan. meeting
FOMC in Jan. saw improved odds that inflation would diminish
Jan. minutes show FOMC more upbeat on growth, inflation
Fed members in Jan. saw more favorable outlook for economy
By Greg Robb Last Update: 2:00 PM ET Feb 21, 2007
WASHINGTON (MarketWatch) - Federal Reserve officials at their January meeting shrugged off past concern and said the outlook for growth and inflation was looking promising, according to minutes of the meeting released Wednesday. The minutes of the Jan. 30-31 meeting said that FOMC members saw "a more favorable outlook" for prices and growth than had been anticipated. Only one month earlier, FOMC members had been concerned that a "subdued tone" of economic data meant risks to growth had increased. The Fed members maintained their view that inflation was the top concern of the central bank. Despite the recent good news on inflation, members said it was not clear yet that a downtrend on core inflation had been "definitively established." After all, the drop in energy and rent prices could well be temporary, members said.
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