FOMC Minutes - 2022-07-05
Date:
Wednesday, July 6, 2022
Summary:
They say, "At the current juncture...moving to a restrictive stance of policy was required." So they think a funds rate of 1.63% is already restrictive -- that's good news! And now we know why Esther George dissented: a 75 bp hike would "raise uncertainty...in ways that could unsettle households and businesses..." Smart lady.