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Fed minutes highlight willingness to steer past coming inflation

The Fed made few changes to its policy statement at its last meeting in January, and did not issue new economic forecasts

The Federal Reserve building in Washington DC. Photo: Reuters
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The Federal Reserve building in Washington DC. Photo: Reuters

Reuters Washington D.C.
Facing a still-scarred economy that may need an extended time to recover fully, Federal Reserve officials last month debated how to lay the groundwork for the public to accept coming higher inflation, and also the need to "stay vigilant" for signs of stress in buoyant asset markets, according to minutes of the U.S. central bank's January 26-27 policy meeting.

In discussions that ranged from the public's perceptions of inflation to the vagaries of Robinhood-type retail stock trading platforms, Fed officials said they were still prepared to keep their easy monetary policy on track to help heal an ailing job market.

With a