The minutes of the June 19-20 meeting:
- A few FOMC members said more stimulus would probably be needed
- 12 of 19 participants based economic assumptions on further balance sheet action
- 11 of those 12 felt extending Twist appropriate, 2 said further bond purchases appropriate
- Several said Fed should study ‘new tools’ for easing
- Participants said a possible significant slowdown in China
- Full minutes
