Federal Reserve Confident US Unemployment Would Continue To Fall
The US Federal Reserve was confident unemployment would continue to fall even if it cut its huge monetary stimulus.
Via AFP:
The US Federal Reserve was confident unemployment would continue to fall even if it cut its huge monetary stimulus, according to the minutes released Wednesday of the December policy meeting.
"Most members agreed that the cumulative improvement in labor market conditions and the likelihood that the improvement would be sustained indicated that the Committee could appropriately begin to slow the pace of its asset purchases at the meeting," said the minutes of the Federal Open Market Committee's monetary policy meeting.
"Most had become more confident" that labor market conditions would ...