FOMC: Minutes of the October 31 meeting
Wed, Nov 21 2007, 10:44 GMT
by Peter Possing Andersen
Danske Bank A/S
Overview: Yesterday night the minutes from the October 31 meeting were released. The text provided little new information compared to the recent testimony by Chairman Bernanke to the Congress Joint Economic Committee (see Flash Comment FOMC: A balanced Bernanke, but with a touch of unrest). The minutes confirmed that at the time of the meeting, the committee assessed that downside risks to growth and upside risks to inflation were fairly balanced. Most interestingly, the minutes included updated economic projections showing a downward revision to both growth and inflation forecasts for 2008.
Published on
Wed, Nov 21 2007, 10:45 GMT
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