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Re: None

Wednesday, 04/06/2016 4:05:45 PM

Wednesday, April 06, 2016 4:05:45 PM

Post# of 39190
Voting for this action: Janet L. Yellen, William C. Dudley, Lael Brainard, James Bullard, Stanley Fischer, Loretta J. Mester, Jerome H. Powell, Eric Rosengren, and Daniel K. Tarullo.

Voting against this action: Esther L. George.

Ms. George dissented because she believed that a 25 basis point increase in the target range for the federal funds rate was warranted at this meeting. Although risks to the global economy had increased in recent months and financial markets were unusually volatile at times, she believed that monetary policy should focus primarily on progress toward the Committee's longer-run objectives.

http://www.federalreserve.gov/monetarypolicy/fomcminutes20160316.htm

How dare her...