Members of the Federal Open Market Committee said at its latest meeting the U.S. remained on a path of moderate economic growth, though members seemed more willing to introduce another round of easing if the economy sputters.
Minutes released Wednesday from the April 24-25 meeting signaled a committee mostly positive about the U.S. economy. Many indicators, including jobs and consumer spending, improved, and the FOMC raised its forecast for 2012 GDP to grow between 2.4% and 2.9%.
But worries over Europe and budget balking in Washington could potentially push the economy downward, members said.
If the recovery loses momentum, “several members indicated that additional monetary policy accommodation could be necessary,” according to the minutes.
via FOMC eases position on QE3 | HousingWire.
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