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Do little to illuminate QE or rate policy as debate is framed in very mild terms with outliers on both sides. "To mitigate (infl) risks... agreed that FOMC would continue its planning for the eventual exit from the current, exceptionally accommodative stance of monetary policy. In light of uncertainty about the economic outlook, it was seen as prudent to consider possible exit strategies for a range of potential economic outcomes. A few participants indicated that economic conditions might warrant a move toward less-accommodative monetary policy this year; a few others noted that exceptional policy accommodation could be appropriate beyond 2011." Also, "A few members noted that evidence of a stronger recovery, or of higher inflation or rising infl expectations, could make it appropriate to reduce the pace or overall size of the purchase program. Several others indicated that they did not anticipate making adjustments to the program before its intended completion."
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