Minutes of the Federal Open Market Committee, June 19-20, 2012 . Excerpt:

  Minutes of the Federal Open Market Committee, June 19-20, 2012 . Excerpt:

A few members observed that it would be helpful to have a better understanding of how large the Federal Reserve's asset purchases would have to be to cause a meaningful deterioration in securities market functioning, and of the potential costs of such deterioration for the economy as a whole.


Wow, that's a bit interesting. Perhaps some bold font for it, to.


Several participants commented that it would be desirable to explore the possibility of developing new tools to promote more-accommodative financial conditions and thereby support a stronger economic recovery.

We are out of bullets, so please let's go scrounge up another weapon. Or put another way: Is prolonged NIRP a possible strategy? At some point even the densest people on the Fed ought to understand that their policies are not creating jobs. Cost or availability of capital isn't holding back business.