The Fed is less optimistic about the economy and uncertain about when to trim the stimulus program that has long helped keep rates low.
The Federal Open Market Committee met on Jan. 29 and 30 and decided to continue purchasing $40 billion of agency mortgage-backed securities per month and $45 billion of longer-term Treasuries per month.
According to the minutes from the October meeting, the FOMC discussed how to effectively communicate the path of interest rates and additional asset purchases.
The group responsible for monetary policy is divided on how to help the economy.
The Fed’s tea leaves are set to become even less obfuscated in 2012. At the January meeting of the Federal Open Market Committee, the Fed will launch a new strategy for communicating the path that interest rates might take, the minutes from the Dec. 13 meeting show. This is what the minutes say: The subcommittee