As Bill Gross says, they put “increase” first..
focus will be the explicit mention that the Fed can “increase or reduce” pace of bond buying.. #FOMC
NEW YORK/ SAN FRANCISCO, April 26 (Reuters) – The Federal
Reserve’s inspector general expects to complete this quarter an
audit into the early release of minutes of the central bank’s
most recent policy-setting meeting, according to the watchdog’s
work plan posted on Friday.
The release, which the Fed has said it believes was
accidental, was the central bank’s worst security lapse in
years. Minutes of the Federal Open Market Committee’s meetings
can be market-sensitive, and some of the recipients of the
minutes, a full day early, were at banks.