Fed policymakers zero in on strategy tweaks, minutes show

Federal Reserve policymakers are considering tweaks to monetary policy that could result in the U.S. central bank sticking with aggressive stimulus measures far longer than under its previous rubric, minutes from their last policy meeting showed.

The readout of the Fed’s July 28-29 meeting, published on Wednesday, also showed policymakers concerned that a recovery from the economic downturn triggered by the coronavirus pandemic faced a highly uncertain path. For instance, they judged that the swift rebound in employment seen in May and June had likely slowed and that additional “substantial improvement” in the labor market would hinge on a “broad and sustained” reopening of business activity.

https://www.reuters.com/article/usa-fed-minutes/fed-policymakers-zero-i…