Relevant:
- Fed Is Unlikely to Raise Interest Rates in June, Minutes Show
- Fed Officials See Gradual Rate Hikes as Upside Risks Debated
- Fed debates merits of earlier rate hike given U.S. jobs gains
- Fed Minutes Hint at Rate Hike in June, Slow Balance Sheet Unwind
- Fed Chair Janet Yellen: 'Unwise' to wait too long to hike interest rates
2017-07-06 — cnbc.com
...
Fed officials indicated a determination to continue raising rates even with muted inflation levels, which they considered to be temporary and likely to rise over the long run to a targeted level of 2 percent, according to a summary from the June meeting of the policymaking Federal Open Market Committee.
... However, Fed officials were divided on when the balance sheet runoff should begin, and did not release a timetable on when it would happen.
How you square this with "the banking system is fixed" and "no more financial crises in our lifetime" is a mystery to us.
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