Fed more confident US unemployment easing: FOMC | Bangkok Post: news

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Fed more confident US unemployment easing: FOMC

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The US Federal Reserve was confident unemployment would continue to fall even if it cut its huge monetary stimulus, according to the minutes released Wednesday of the December policy meeting. 

Job seekers sit at computers looking for jobs available at a Workforce One Employment Solutions center on January 7, 2014 in North Miami, Florida

"Most members agreed that the cumulative improvement in labor market conditions and the likelihood that the improvement would be sustained indicated that the Committee could appropriately begin to slow the pace of its asset purchases at the meeting," said the minutes of the Federal Open Market Committee's December 17-18 meeting.

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