- FOMC keeps Fed funds target rate at 0-0.25%
- Lacker the lone dissenter again
- Economy ‘expanding moderately’ (same as prior)
- Growth to stay moderate ‘then to pick up gradually’
- To keep rates exceptionally low at least through late 2014 (same as prior)
- No further comment about the end of Operation Twist
- Inflation has picked up somewhat mainly due to higher energy
- housing remains depressed, despite signs of improvement (the second part is new)
- Full text
The comments on the economy are virtually unchanged except the small nod to some signs of improvement in housing. The inflation comments are the same, though phrased slightly differently than last month. Comments on rates, Operation Twist and voting were identical.
