Fed Minutes Repeat Familiar Talking Points

"There has been surprisingly little reaction thus far." So said one observer following the release of the November FOMC minutes on Tuesday. To the extent markets were indifferent, I can venture a guess as to why: It's Thanksgiving week and we're talking about FOMC minutes. It's hardly high drama. We're not waiting for Maury to tell us if we're the father. Fed officials were marginally hawkish at this month's policy gathering, the minutes suggested. Officials nodded to the necessity of keeping