TITLE

FOMC Minutes: Move Justified

AUTHOR(S)
Forris, Craig T.
PUB. DATE
January 2005
SOURCE
Bond Buyer;1/5/2005, Vol. 351 Issue 32043, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that members of the Federal Open Market Committee (FOMC) said the economy appeared to be continuing to expand at the same moderate pace as in the last few months, but the outlook justified further moderate tightening of monetary policy, meriting an increase in the Fed funds rate to 2.23% from 2%. All FOMC members agreed that the interest rate policy accommodation could be removed at a pace that was likely to be measured but that the committee would respond to changes in economic prospects as needed to maintain price stability.
ACCESSION #
15558903

 

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