See some slowdown in jobs gains
- Sees labor slack diminishing significantly
- Pace of job gains has slowed recently
- FOMC thought it could be appropriate to move in December
- No decision made on December move; data to be monitored
- December would be live meeting, if data supports move
- Inflation move back up target as pressures diminish
- Fed expects economy to justify gradual tightening pace
- Market should be looking at entire path of policy rates over time
