Fed FOMC Minutes Published:

•Fed pointed out to officials the disappointing inflation data in the first quarter.

•Officials are discussing keeping interest rates constant for a longer period of time if inflation decreases.

•Officials think Monetary policy is still restrictive.

•Some members think that the impact of higher interest rates is smaller than before.

•Some members are concerned that the financial instruments are not restrictive enough.

•Fed members think long-term interest rates may be higher than previously thought.