Minutes of August FOMC Meeting – Comfortable on the Sidelines, For Now

Minutes of August FOMC Meeting – Comfortable on the Sidelines, For Now The minutes of the August 11-12 FOMC meeting included discussions about the exit strategy, asset purchases, and the likely course of the economy. The minutes noted that the staff discussed tools to reduce the extraordinary monetary accommodation in place, which include reverse repurchase agreements, a term deposit facility for depository institutions to enable a reduction of excess reserves and steps to “tighten the link