If you needed further evidence of how tricky central-bank policy making has become, just take a look at the minutes of last month's Federal Reserve meeting. The transcripts, released this afternoon, reveal the myriad competing considerations, interpretations and, therefore, judgments facing a central bank that, unlike its counterparts in Europe and Japan, is operating in a healing economy that generates higher growth and robust job creation. Although the Fed recognizes the improvement of the domestic economy, the minutes show the central bank is in no rush to declare liftoff for economic growth. There are still many ... (full story)