Minutes of the Federal Open Market Committee

Mr. Trump, please close FED, all they know is about printing money.

Dear Xautrucho: We are lucky Jerome doesn't pull out of Volker's book? Have you seen the economic data this morning and every day for the past several years? Get life! You should not succumb to the opinions of know-nothing journos, "experts" and bleeding heart-liberals who have been forecasting a recession for the past several years with a certainty, such as the Bloomberg News with the probability of 100% in November 2023.

For they do it just to focuse the attention to themselves and keep their TV viewers at the edge of their seats.

These know-nothing parvenues will be right some day, be it in two years, five years or 20 years when our cyclical capitalist economy of free enteprise overheats and slows down.

That is to say, when Volker raised the Federal Funds Rate to 21% in the winter of 1981, the rate of inflation was 13.5% and Volker successfully tamed it to 3.5% a year later.

As a special note, please realize that the inflation target of 2% adopted by the central banks world over was pulled out of thin air and it is there only to protect us against the dreaded deflation whereby the prices start dropping uncontrollably, the producer and retailers cannot recover their costs and a wave of bankruptcies ensues. Thus, this inflation target could have been 1% or 3% just as well.

Last but not least, the annual inflation rate this morning is 2.4% while the average annual inflation rate over the last 50 years has been 3.5%.

We're all lucky that Jerome doesn't pull a number out of Volcker's book. These policies aren't leaving much room to compensate. The FED will need to start using its tools to assess the situation soon, most likely that tool isn't lowering rates. The lags in data will spare markets but big money doesn't lie, the whales spoke loud and clear at the Treasury Auctions.

If Trump did that, I would be proud of him. However, any president that wanted to bypass the Fed (or country) was assassinated (or invaded).

The FOMC meeting minutes is exactly that... the minutes (notes) taken during the FED meeting that happened BEFORE the last Interest rate decision press conference. The difference is that this might contain some bit of extra info or points of view that didn't make it in the original press release.

Considering a possible narrative shift of the market in the 2 weeks between the Rate decision and minutes release, those bits of info can shift fundamental perspectives and make a difference in how one would position himself in the market. Or it might not give you anything.

Traders need to take in all the info available, as required by their style of trading, to make the best decisions possible in the market. Neither the FED not the market required anything from you

already outdated LOL

You have said it!

I do not quite understand why we bother with a month old info in this fast paced market.

The world is not my problem

Tell that to Maduro

The intentional or unintentional release of information to an untrusted environment leads to The FOMC meeting minutes leaked out before the time why....well, people like us in day trader look out for PA befor trading ...but its not good

this is old news haha

FED just wanted my time reading nothing new!!!

Wasted

No one is interested in the FED anymore

Yes, please. Markets and finance should move accordingly as Trump's social media posts.

You people saying close the fed are really uneducated

Enlighten us, please! After you write your paragraph, I will respond I promise!