Now We Know What The FOMC Was Thinking

As previously reported, the FOMC met Jan. 30 & 31, 2007, and voted unanimously to hold the target federal funds interest rate steady at 5 1/4%.  It is FOMC policy to release the Minutes of FOMC Meetings three weeks after the meeting date.  Minutes of the January meeting are now available:  http://www.federalreserve.gov/fomc/minutes/20070131.htm

(ag) Feb. 21, 2007, in Economy