- Economic outlook unusually uncertain
- Likely to warrant exceptionally low rates for an extended period
- Must begin to remove policy accommodation at some point
- Expects continued moderate growth, gradual fall in jobless rate and subdued inflation for next several years
So far, sounds like the minutes of the last FOMC meeting. No explicit talk of QE, so stocks are easing and the dollar is a tad firmer versus the euro, at 1.28 from 1.2815 headed in.
