Here is the report recently published via the Fed’s FOMC Meeting the 29th and 30th of 2013.
Here is an interesting excerpt:
Voting against this action: Esther L. George.
Ms. George dissented out of concern that the continued high level of monetary accommodation increased the risks of future economic and financial imbalances and, over time, could cause an increase in inflation expectations. In her view, the potential costs and risks posed by the Committee’s asset purchases outweighed their uncertain benefits. Although she noted that monetary policy needed to remain supportive of the economy, Ms. George believed that policy had become too accommodative and that possible unintended side effects of ongoing asset purchases, posing risks to financial stability and complicating future monetary policy, argued against continuing on the Committee’s current path.
And from the ‘how does a weak USD and its possible affect on inflation concern consumers file’ Digital Markets Advisor presents this link from Japan as a precautionary tale:
This time it is a nice purse, next week it could be lipstick……..