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2014-11-19 — sltrib.com
Minutes of the Fed's Oct. 28-29 meeting released on Thursday showed that Fed officials grappled with a number of developments, from sharp moves in U.S. stock prices to increased signs of weakness in such key regions as Europe and Asia. They also expressed concern that inflation, which has been running below the Fed's target of 2 percent, could drift lower because of falling energy prices and a strengthening U.S. dollar.
...
The Fed decided to keep the "considerable time" wording because officials worried that its removal could be misinterpreted and cause markets to drive interest rates higher and harm the recovery.
Private economists do not expect the Fed to begin raising interest rates until mid-2015 and nothing revealed by the discussion in the minutes was likely to alter their view.''
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