The minutes recorded the views of policymakers expressed at a March 14 - 15 meeting, when they voted to raise their benchmark interest rates to head off mounting inflation.
The Fed, chaired by Janet Yellen, bought Treasury and mortgage-backed bonds on a hitherto unprecedented scale in the wake of the financial crisis to help to keep interest rates low and to encourage job creation and economic growth.
The Fed used both the federal funds rate and securities purchases to drive down interest rates across the board about a decade ago, but needs to boost those rates once more now that the unemployment rate has remained below 5 percent for almost a year and inflation has hit the Fed's target level of 2 percent, meaning the economy is humming right along.
"The December FOMC meeting is probably the most likely date to introduce this change", said Paul Ashworth, chief US economist at Capital Economics in Toronto, following the publication of the minutes.
The most recent projections from the Federal Open Market Committee, which sets the Fed's benchmark rates, were for a total of three rate hikes in 2017.
"The FOMC minutes were clear that officials are contemplating beginning to address the balance sheet", said Win Thin, an economist at Brown Brothers Harriman.
The minutes said one approach for reducing the holdings that was discussed would be to suspend the reinvestment of at least some of the holdings of Treasury bonds and mortgage-backed securities as they mature.
Says it signed new $3B deal with Iranian airline
Last year, Trump told a pro-Israel lobby group that his "No. 1 priority" would be to "dismantle the disastrous deal with Iran ". Trump has also spoken often about the importance of keeping jobs in the US , which this deal would do, according to Boeing .
Trump signs repeal of US broadband privacy rules
Nevertheless, protecting privacy is clear progress and eliminating consumer protections moves us in the wrong direction. Chief privacy officer of Comcast clearly said they don't sell customer's individual web browsing history.
Minutes of the Fed's March policy meeting, released Wednesday, contained details of the central bank's first intensive discussion of how to unwind its massive balance sheet.
Most economists believe the USA economy is strong enough to sustain gradual increases in the interest rate, and that the Fed should now shift its focus to restraining emerging inflation.
As the newly-released minutes indicated, the Fed could very soon begin selling those assets off, triggering a speedier rise in general interest rates, and, as a result of the rise in the cost of borrowing, a potential market panic and fears of economic slowdown.
The minutes said that because of the "substantial uncertainties" about the outlines of the program that might eventually emerge from Congress, about half the Fed officials had included no assumptions about Trump's efforts in their economic forecasts.
On inflation, the minutes showed that some Fed officials anxious that if unemployment, now at a low of 4.7 percent, fell even further, it could pose a "significant upside risk" of higher inflation.
"Several participants now anticipated that meaningful fiscal stimulus would likely not begin until 2018, " the minutes read. The Fed's dual mandates are to achieve maximum employment and moderate inflation.
In its March policy statement, the Fed said that its inflation target was "symmetric", indicating it could tolerate price rises temporarily overshooting its 2 percent target rate. Unemployment is already below the Fed's 4.8 per cent goal, while inflation has remained below its 2 per cent inflation goal for several years.
Google's map can alert you to any weather-related warnings or watches in your area, as well as display public shelter locations. The storms impacting this region are expected to move in our direction tonight, however, there will be some weakening over time.
When teen Hannah (Langord) takes her life, she leaves behind tapes explaining the 13 reasons she made a decision to do so. On Wednesday, the 24-year-old singer posted a video on Twitter debuting her own rendition of the '80s hit "Only You".
The settlement noted also that settlement activities are illegal under worldwide law and present an obstacle to peace. The settlement issue, said Netanyahu afterwards, was a point where the two governments did not yet see "eye to eye".
Meanwhile, the Texas Department of Transportation says that previous year the number of distracted driving crashes increased. Gray said Greenwich Police could could give out endless tickets for texting and driving and never do any other police work.
One of its major advantages is that it will reduce travel time between Jammu and Srinagar by two hours and distance by 30 km. The VSDs and motors are installed at the North (Nashri) and South (Chenani) portals for air supply and exhaust.
Sindhu, however, had a two points lead, 11-9, going into the break, and the match was set to be a thriller. She gained an 8-6 lead with the help of six consecutive points and the momentum swung in favour of her.
It will also move to a more cost-effective e-commerce platform through a new collaboration with Salesforce's (CRM) Commerce Cloud. In an effort to cut costs, Ralph Lauren is closing its flagship Polo store on Fifth Avenue in NY .
The Jane the Virgin star partnered with Luna Bar for Women's Equal Pay Day to support her fellow women, as she was raised to do. If we don't step up, it will be another penny next year, another penny the following year, and yet another penny.
He had been the bookies' favourite going into the final, where he beat Michelle John , Jamie Miller and runners-up Into The Ark . As the victor , Mo will receive a recording contract with Polydor Records, home to artists such as Take That and Ellie Goulding.
After shying away from the spotlight, Jennifer Lopez and Alex Rodriguez are ready to take their relationship very public. Lopez has two children from her marriage to singer Marc Anthony, 9-year-old twins, Max and Emme .
They pass under Hammersmith Bridge, around the Surrey Bend, past Chiswick Steps and under Barnes Bridge. Oxford University are favorite to win Saturday's Boat Race against its arch-rival Cambridge University.
India is now Malaysia's tenth-largest trading partner, seventh-largest export destination and 12th-largest source of imports. Indian firms have moved to Malaysia in a big way, making it a base to do business with other Asean countries.
More advertisers say they've ditched O'Reilly show
As of Tuesday evening, 20 companies had pulled their ads from the Fox primetime cable program, according to a report by CNN . The NOW also asked for an independent investigation into the "culture of sexual harassment" at Fox News .
Top 10 UK Sales Chart - Mass Effect: Andromeda Is Still No.1
And whether you were satisfied with the base product or not, I think we can agree this is an encouraging move from BioWare. We're listening, and we're committed to partnering with you as we continue to explore the Andromeda galaxy together.
Mike Epps sorry for dancing with kangaroo on Detroit stage
The kangaroo was repeatedly picked up during the show and led around on a leash, which is what has animal rights activists upset. In one clip, the kangaroo appears to whack Epps in the face, prompting the comedian to dart off stage.
Syndergaard, Cabrera lead Mets past Braves 6-0 in opener
The Mets have now improved to a Major League best 36-20 on Opening Day and have gone 21-3 in their last 24 Opening Days at home. Freddie Freeman had three hits for the Braves, who stranded runners at third in the fourth, sixth and ninth innings.
We Happy Few is getting the movie treatment
But while We Happy Few hasn't yet been completed, its developers have already struck a deal for a movie adaptation of the game. It sounds like early days for the We Happy Few movie, as the producers are now looking for writers for the script.
Derrick Rose out for Knicks season with torn meniscus in knee
On Sunday, The Vertical's Adrian Wojnarowski reported that Rose will miss the rest of the 2016-17 season with a torn meniscus. Last season saw Rose play in 66 games, his most since 2010-11, but a fractured orbital bone sidelined him for 16 games.
Emmert: NCAA will decide next week whether to return to NC
A controversial compromise bill that replaces HB2 has passed the North Carolina General Assembly and has been signed by Gov. The director of the ACLU LGBT Project, James Esseks, said lawmakers "should be ashamed of this backroom deal ".
Denver weather forecast for today, April 1: Ugh, snow probably
A flip back to snow from the wintry mix is possible even in the valley/Hartford area - this is one thing we'll watch closely. This storm is looking more and more like a slushy/icy mix for areas north of I-84 and a mainly rain event south of there.