The FOMC wants to provide more policy clarity, but first they need clarity on where the economy is going. Details, details. In the meantime, in staff discussion, seems like "yield curve control" isn't seen as worth the risks.
FOMC Minutes
FOMC Minutes
Wednesday, May 20, 2020
The FOMC managed to find one bright spot amidst the devastation of the Covid-2019 crisis: its own stellar performance. Congress, on the other hand, could do more...
FOMC Minutes
Wednesday, April 8, 2020
The FOMC portrays itself -- probably faithfully -- as having gotten its head around the virus crisis in a timely and effective manner. Congrats.
FOMC Minutes
Wednesday, February 19, 2020
The FOMC reviews the effects of policy on financial stability and decides to do -- wait for it -- nothing. The FOMC reviews revising its inflation target and decides to do -- wait for it -- nothing.
FOMC Minutes
Friday, January 3, 2020
Let's get this straight. We can take the language about "uncertainty" out of the FOMC statement because we're really leaving it in.
FOMC Minutes
Wednesday, November 20, 2019
The FOMC scrambles to address the repo crisis, but comes to no decision about a permanent facility.
FOMC Minutes
Wednesday, October 9, 2019
A leaderless, aimless bureaucracy explores new policy ideas without understanding the old ones.
FOMC Minutes
Wednesday, August 21, 2019
Here's how they try to paper over Powell's "mid-cycle adjustment" gaffe. Hilarity ensues.