Michele Kearney's Snuffysmith's Blog

FOMC Minutes: Fed Beginning To See The Limits Of Its Power

by Agustino Fontevecchia

The Fed's minutes revealed a divided Fed with Bernanke working hard to keep control, but managing to push his policy through. While FOMC members expressed their concern over the effectiveness of QE and rate-guidance, all but one went with the Chairman.http://www.forbes.com/sites/afontevecchia/2012/10/04/fomc-minutes-fed-beginning-to-see-the-limits-of-its-power/