BernankeWith the economy showing clear signs of gaining steam, Federal Reserve officials are less concerned about deflation, according to minutes from a board meeting last month.
But despite the improving economic picture, the Fed doesn't appear likely to pull back on the $600 billion asset-buying program the Fed announced in November (but as we suggested Tuesday, the idea of making additional purchases beyond the $600 billion now seems to be off the table).
"While the economic outlook was seen as improving, members generally felt that the change in the outlook was not sufficient to warrant any adjustments to the asset-purchase program," the minutes said. "Some indicated that they had a fairly high threshold for making changes to the program."Read More »from Fed not pulling back on asset buys