FOMC MINUTES AS STATEMENTS

FOMC MINUTES AS STATEMENTS

USD Federal Open Market Committee Rate Decision (JUN 19): ACTUAL: 0.25%, EXPECTED: 0.25%, PRIOR:0.25%

Bernanke: downside risks to economy have declined since the fall.

Bernanke: inflation softness reflects transitory factors.

Bernanke employment growth forecasts: 2.3-2.6% in 2013, 2.9% in 2014.

Bernanke: setting fed funds target over medium term and continuing purchase of MBS.

Bernanke: expects first increase in Federal Funds rate to occur in 2015.

Bernanke: see's inflation moving back towards 2% objective over time.

Bernanke: current federal funds rate to remain appropriate for a while after purchase program ends.

Bernanke: policies would be adjusted if economic conditions change.

Bernanke: bond buys can be reduced later this year depending on conditions.

Bernanke: important for Japan to tackle deflation.

Bernanke: strong global growth depends on strong US.