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Re: None

Wednesday, 05/20/2015 2:26:42 PM

Wednesday, May 20, 2015 2:26:42 PM

Post# of 41155

When the Committee decides to begin to remove
policy accommodation, it will take a balanced
approach consistent with its longer-run
goals of maximum employment and inflation
of 2 percent. The Committee currently anticipates
that, even after employment and inflation
are near mandate-consistent levels, economic
conditions may, for some time, warrant
keeping the target federal funds rate below
levels the Committee views as normal in the
longer run.”
Voting for this action: Janet L. Yellen, William
C. Dudley, Lael Brainard, Charles L. Evans, Stanley
Fischer, Jeffrey M. Lacker, Dennis P. Lockhart, Jerome
H. Powell, Daniel K. Tarullo, and John C. Williams.
Voting against this action: None.
It was agreed that the next meeting of the Committee
would be held on Tuesday–Wednesday, June 16–17,
2015. The meeting adjourned at 11:00 a.m. on April 29,
2015.

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