No major changes in the Fed’s press release.
The tone on macroeconomics is reassuring. The poor growth figure for the first quarter had no impact on members of the Monetary Policy Committee.
The amount of asset purchases has been lowered by $ 10 billion and is now set at $ 45 billion. It’s the fourth reduction in a row.
The last point is the rallying Narayana Kocherlakota. Janet Yellen now enjoys unanimity.
The differences between press releases in March and April are presented in this NY Times article to read here. http://www.nytimes.com/interactive/2014/04/30/business/decoding-the-feds-statement.html
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