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- FOMC’s June minutes: most Fed officials noted that the conditions for tightening monetary policy had not yet been achieved
FOMC’s June minutes: most Fed officials noted that the conditions for tightening monetary policy had not yet been achieved
The Federal Reserve released its June monetary policy meeting minutes on Wednesday. Most members noted that the conditions for tightening monetary policy had not yet been achieved. They noted that they need more information indicating that economic growth was strengthening, that labour market conditions were continuing to improve, and that inflation was moving back toward the Committee's objective".
Members expressed worries that a failure to reach a deal between Greece and its creditors "could result in disruptions in financial markets in the euro area, with possible spillover effects on the United States," the minutes said.
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