An interesting article by Peter Schroeder, published on the Friends of the US Chamber of Commerce web site
Federal Reserve officials are divided over when to cut off economic stimulus and how to tell the public about it, minutes from the central bank’s latest meeting reveal.
The minutes from the June 18-19 meeting show Fed officials devoted a significant amount of time to debating how to lay out plans to slow down, halt and eventually unwind the unprecedented stimulus it had injected into the economy over the last several years.
“About half” of members of the policy-setting Federal Open Market Committee (FOMC) believe the Fed should begin slowing its purchases of billions of dollars of bonds before the end of the year, according to minutes. But “many other participants” said the Fed should keep up the purchase pace into 2014.