WASHINGTON (MarketWatch) — Only a small minority of Federal Reserve officials discounted the stock market weakness that emerged after the U.S. central bank raised interest rates for the first time in almost a decade, according to the minutes of the their January policy meeting.
“A couple of participants pointed out that the recent decline in equity prices could be viewed as bringing equity valuations more in line with historical norms,” said the minutes, which were released Wednesday.
For the majority on the U.S. central bank, there was a sense of concern and a feeling that the best policy would be to take a step back and let things play out before taking another hiking step.
“Several participants noted that monetary policy was less well positioned to respond effectively to shocks that reduce inflation or real activity than to upside shocks, and that waiting for additional information regarding the underlying strength of economic activity and prospects for inflation before taking the next step to reduce policy accommodation would be prudent,” the minutes said.
A few doves, who are voting member of the Fed policy committee, were forceful about what it would take to support another rate hike.
They stressed they wanted to see “direct evidence” that inflation was rising toward 2% before they would back another rate increase. |
发表于 2016-2-17 14:58
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