Fed Minutes:Will take longer than anticipated to gain greater confidence in inflation fall ...Middle East

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Fed Minutes:Will take longer than anticipated to gain greater confidence in inflation fall
Participants at Fed's April 30-May 1 meeting assessed it would take longer than previously anticipated to gain greater confidence in inflation moving sustainably to 2% - minutesVarious participants mentioned willingness to tighten policy further should risks to outlook materialize and make such action appropriateMany participants commented on their uncertainty about the degree of policy restrictivenessParticipants remarked future policy path would depend on incoming data, the evolving outlook, and the balance of risksAlmost all participants supported decision to begin to slow pace of decline of central bank's securities holdings; a few could have supported continuation of current paceA coupl

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