- Continued tepid wage growth could restrain spending
- Noted risks from China, Mideast, Ukraine, Greece
- Many officials leaning toward keeping rates lower for longer, given weak inflation and other risks
- Policymakers want more evidence of continued growth and signs of inflation picking up before liftoff
- Actions by foreign central banks (ahem, ECB) have improved the outlook
- Will keep close watch on measures of inflation expectations, but still regard weak prices as likely transitory
- "The increase in the foreign exchange value of the dollar was expected to be a persistent source of restraint on U.S. net exports, and a few participants pointed to the risk that the dollar could appreciate further"
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