A minor blip to the topside in EUR/USD after the FOMC statement but little net change.

Tom Hoenig got the make his case against keeping the “extended period” language slightly more forcefully in this statement, setting the stage for the FOMC to back away from that phrase when conditions allow.

EUR/USD changes now at 1.3162.

Just before the FOMC statement hit the wires, Greenspan was quoted as saying that the US has about a year before it has to begin worrying about inflation…