Policymakers disagreed on whether inflation expectations were well-anchored

Agreed a fall in longer-term inflation expectations would be undesirable

Voting policymakers were concerned about slowdown in inflation and agreed to monitor prices closely

Some voting policymakers said further interest rate hikes should wait until there were signs inflation would rise to fed's 2 pct target

Several policymakers noted rising stock prices had eased financial conditions

A couple policymakers said high stock prices might not pose big risks to financial stability

A couple policymakers saw pace of price gains in multi-family real estate and lending activity of certain government-sponsored firms as possible sources of financial instability