2014-08-21 — reuters.com
The U.S. Federal Reserve hinted on Wednesday that a surprisingly strong jobs market recovery could lead it to raise interest rates earlier than it had been anticipating.
At the same time, most Fed officials wanted further evidence before changing their view on when rates should rise, according to the minutes from the central bank's July 29-30 meeting.
In a slight shift from the views expressed at the Fed's June policy meeting, the minutes said "most" Fed officials supported re-investing the maturing securities in the central bank's vast portfolio until sometime after its first rate hike. The minutes of the previous meeting said only that "many" supported this approach.
Notice the latter part... so the only substantial change in these minutes is that now the Fed definitely wants to re-invest its QE-acquired portfolio rather than "running it off"... yet this is not being taken as a dovish release.
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