WSJ Fedwatcher Jon Hilsenrath is out with his review of the FOMC minutes and (like the market) he notes the dovish slant:
These worries about global growth and the economic impacts of a strong dollar represent a new twist in the Fed’s running debate about when to raise short-term interest rates…
The minutes showed more clearly than before that concerns about global growth and the disinflationary impact of a strong currency are giving officials additional pause about moving quickly on rates.
