📕 Minutes from the last #FED meeting :
▫️ Most Fed chairmen agreed that it would be appropriate to begin easing monetary policy this year .
▫️ The pace of Fed balance sheet contraction ( #QT ) needs to start soon.
▫️ The Fed advocates cutting the monthly QT rate by about half.
▫️ To start reducing the rate, it is necessary to resume reducing inflation after rising at the beginning of the year.
▫️ There is NO confidence yet that inflation is moving towards the target of 2%.