FOMC Minutes: Half The Fed Said It Would Be Appropriate To End QE “Late This Year”…”we now have a full blown mutiny in the Fed.”

Wednesday, July 10, 2013
By Paul Martin

by Tyler Durden
ZeroHedge.com
07/10/2013

Discord appears to be the best word to describe the FOMC minutes but the baffle ‘em with bullshit seems like the order of the day:

FED SAYS SEVERAL ON FOMC SAW QE TAPERING LIKELY WARRANTED SOON
FED SAYS MANY ON FOMC SAID LABOR GAINS NEEDED BEFORE QE TAPER
FED SAYS FOMC SAW FISCAL POLICY RESTRAINING ECONOMIC GROWTH

And the punchline:

HALF OF THE FED INDICATED IT LIKELY WOULD BE APPROPRIATE TO END ASSET PURCHASES LATE THIS YEAR – NOT SLOW END
A FEW PARTICIPANTS INDICATED THAT THE COMMITTEE SHOULD SLOW OR STOP ITS PURCHASES AT THE JUNE MEETING – “OR STOP”

Communication matters apparently. But the key is that taper appears (forget about an all out stop) to be coming soon – and as usual – it’s all data-dependent. Aside from that, it is the usual baffle with BS schtick. Most importantly, with half the Fed saying not just taper, but flat out end to QE by 2014, we now have a full blown mutiny in the Fed.

The Rest…HERE

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