FOMC minutes: If uncertainty around outlook abated, Fed would need to reassess its 'patient' stance

The minutes from the Federal Reserve’s January 29-30 monetary policy meeting have been published with key highlights, via Reuters, found below.

• Fed participants felt asset valuations 'less stretched' in January than a few months earlier.
• Almost all participants thought it would be desirable to announce plan to stop reducing balance sheet later this year.
• Many participants observed if uncertainty around the outlook abated the Fed would need to reassess its 'patient' stance.