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Full Text: FOMC Minutes Show Fed Not Ready to Take Further Easing Action

Minutes from the FOMC’s June meeting revealed Fed officials expect the U.S. economy to continue expanding more slowly than expected, with the unemployment rate falling “only slowly.”  The policy-setting board continued discussing the prospect of further monetary stimulus, but divisions remained, partially stemming from a disagreement on the underlying causes of the weak employment growth.

Here is a complete copy of the minutes.