Minutes from the latest FOMC meeting show that the US Federal reserve remains comfortable with current levels of stimulus

Minutes from the latest FOMC meeting show that the US Federal reserve remains comfortable with current levels of stimulus. As the Fed continues to assess the impacts of extraordinary easing the latest minutes show that inflation remains well within the Fed's comfort zone. The Fed's preferred inflation gauge, the personal consumption expenditures index, increased 1.1 percent in March from a year earlier. It has remained below the central bank's 2% target for almost two years. This assessment allows the Fed to continue pursuing it's goal of full employment without having to make trade off on stimulus measures currently in place. The other major talking point to emerge from the minutes revolved around interest rates. Whilst there was no further indication on timing the Fed did acknowledge clearer communication around rates would be required. Full minutes are available here: (VIEW LINK)