The Takeaways From the June FOMC Minutes

The transcript discusses the Federal Reserve's internal debates on when to start trimming its balance sheet, with no consensus reached. It highlights the divided opinions within the committee regarding inflation, with some members concerned about the slow progress towards the 2% inflation target. Additionally, the transcript touches on high equity valuations, noting that while not alarming, they are acknowledged by senior Fed officials.

What was the official stance of the committee on the recent dip in inflation?

What did senior Fed officials, including Janet Yellen, say about equity valuations?