by Calculated Risk on 1/02/2008 02:11:00 PM

Here are the minutes to the Fed meeting on Dec 11th, and the conference call on Dec 6th.

Click on photo for larger image

Here are the headlines (thanks to Brian).

Consumer spending "slowing more than thought".

"Fed officials saw deeper, more prolonged housing decline." (you think?)

Risk of "substantial" further rate cuts (the market likes rate cuts!)

Added: From the WSJ: Fed Sees Potential for More Cuts, According to December Minutes