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HERE COMES FOMC MINUTES...

Matthew Boesler   

HERE COMES FOMC MINUTES...

ben bernanke federal reserve fomc

REUTERS/US Federal Reserve

New U.S. Federal Reserve Chairman Ben Bernanke (R) joins the Board of Governors attending the Federal Open Market Committee meeting in Washington, March 28, 2006.

Heads up! We are minutes away from the release of the minutes of the FOMC's Sept. 18-19 meeting, due out at 2 p.m. ET.

On Sept. 19, the Federal Reserve's monetary policy-making body shocked markets by refraining from beginning to taper back its quantitative easing program - something that was widely expected across Wall Street.

"We have never heard investors as angry as the day after the Fed decided to not taper its asset buying program," says BofA Merrill Lynch economist Ethan Harris. "Some investors argue that it was a deliberate attempt to introduce volatility into the market. Others said Fed credibility is shot."

The minutes, therefore, should be pretty interesting.

We will have the full text LIVE at 2 p.m. ET. Click here to refresh for the latest updates »

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