Here's the link.
Nothing new here really. Calculated Risk pointed out that the language regarding a recovery in the housing sector has been removed. November and December statements made notes of the pickup in housing starts which have subsequently declined. The Fed continues to believe that economic conditions warrant an exceptionally low level of the fed funds rate for an "extended period." The only change is a "no" vote, from Thomas Hoenig, who for some reason believes there's some imminent threat of inflation. His concerns are, in my opinion, unfounded and delusional, but I've talked about that recently.
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