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Step in removing some policy accommodation. The time of this meeting, the committee was going with a lot of weak data, weak gdp data from quarter one and weak inflation data from march, and they made references to that data being transitory. There was a clear debate around the idea of inflation and where inflation was heading. Some in the committee are more wordy ofried about the prospect overshooting inflation as unemployment continues to fall below the levels they think are the lowest sustainable levels for unemployment, while others on the committee are worried that some of the most recent data on inflation signals that there may be a pause and price rises there, so perhaps the committee should be cautious about raising. One caveat to these minutes, they are a bit dated. The data since then is split. The april payrolls was quite strong, which supports those in the committee that wanted to see a hike in june. But april inflation cpi data was extremely weak, so that will run the other ....
Step in removing some policy accommodation. The time of this meeting, the committee was going with a lot of weak data, weak gdp data from quarter one and weak inflation data from march, and they made references to that data being transitory. There was a clear debate around the idea of inflation and where inflation was heading. Some in the committee are more wordy ofried about the prospect overshooting inflation as unemployment continues to fall below the levels they think are the lowest sustainable levels for unemployment, while others on the committee are worried that some of the most recent data on inflation signals that there may be a pause and price rises there, so perhaps the committee should be cautious about raising. One caveat to these minutes, they are a bit dated. The data since then is split. The april payrolls was quite strong, which supports those in the committee that wanted to see a hike in june. But april inflation cpi data was extremely weak, so that will run the other ....
Step in removing some policy accommodation. The time of this meeting, the committee was going with a lot of weak data, weak gdp data from quarter one and weak inflation data from march, and they made references to that data being transitory. There was a clear debate around the idea of inflation and where inflation was heading. Some in the committee are more wordy ofried about the prospect overshooting inflation as unemployment continues to fall below the levels they think are the lowest sustainable levels for unemployment, while others on the committee are worried that some of the most recent data on inflation signals that there may be a pause and price rises there, so perhaps the committee should be cautious about raising. One caveat to these minutes, they are a bit dated. The data since then is split. The april payrolls was quite strong, which supports those in the committee that wanted to see a hike in june. But april inflation cpi data was extremely weak, so that will run the other ....