FOMC Minutes - 2022-02-15
Date:
Wednesday, February 16, 2022
Summary:
No surprises, except that there were no surprises for a change. A long colloquium on inflation, with all but two sentences focused on its origin in temporary supply-chain disruptions. The word "transitory" is gone, but not the belief-structure. Be that as it may, balance sheet run-off -- not asset sales! -- to begin "sometime later this year."