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FOMC meeting minutes
FOMC mins seem to confirm an upped FOMC reaction function as Bernake said, as talk on possible add'l QE added adherents.
On inflation, recent CPI advance reflected energy but oil futures were down.
FOMC discussed usefulness of simple monetary policy rules or providing more clarity or more info, but drew no conclusions and referred this to its
Communications Subcomm.
FOMC emphasized "forward guidance is conditional on economic developments" and that the '14 date could be revised "should there be a significant change in econ outlook."
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