Aug 17
FOMC: Hawks and doves in bird-fight
Overview : The minutes of the June 24-25 monetary policy meeting were released yesterday evening (July 16) at 20:00 CET. Following Bernanke's testimony to Congress on July 15-16, much of the information con-tained in the minutes was redundant. Most committee members probably felt more comfortable about the growth outlook back in June than they do now, as also indicated by Bernanke's testimony. The most interesting information suggested by the minutes, was increasing evidence of disagreement
