The Fed: Selected highlights from the Fed’s minutes

Federal Reserve Board Chairwoman Janet Yellen speaks during a discussion with the President of the British Academy Nicholas Stern

The following are highlights of the minutes of the Federal Open Market Committee meeting from June 13-14 released Wednesday:

Read:Fed might start balance-sheet drawdown in September, FOMC minutes hint

On when the Fed will start reducing its balance sheet: “Several preferred to announce a start to the process within a couple of months; in support of this approach, it was noted that the Committee’s communications had helped prepare the public for such a step. However, some others emphasized that deferring the decision until later in the year would permit additional time to assess the outlook for economic activity and inflation.

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