Morning Scan: A Peek at the Fed; B of A Settles Again; Dimon Letter

04/10/14

Receiving Wide Coverage ... A Look Behind the Curtain: The Fed held a video conference in March to discuss whether to ditch its 6.5% unemployment rate target. The Financial Times said the meeting helped shape the Fed's decision later in the month to adjust its position on forward guidance. The policymakers were concerned that their decision would be misunderstood. Meanwhile, Fed officials are worried about persistently low inflation. Â...

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