During the Federal Open Market Committee meeting in April, Federal Reserve policy makers said they were concerned that “inflation was running below the committee’s longer-run objective and was seen as posing possible risks to economic performance.” They also voiced concern regarding the “continued weakness in housing activity,” citing high home prices, tight credit, a shortage of labor and severe weather conditions as key factors.
75 people sat in on the meeting. “In their discussion of the economic situation and the outlook, meeting participants generally indicated that their assessment of the economic outlook had not changed materially since the March meeting,” according to meeting notes. The next meeting of the Committee will be held on June 17-18, 2014.
