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Published on Friday, February 20, 2015

FOMC Minutes: January 27th – 28th Meeting

Fed’s Boundaries of “Patient” Expand with Uncertainty on Inflation Outlook. Many participants “inclined” to keep the policy rate at its lower bound for a longer time. Fed is challenged to craft communication that underscores the data dependency of liftoff. Diverged opinions on how transitory is the current downward pressure on inflation

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