FOMC minutes from Nov 7-8 meeting show that all.>

FED: FOMC minutes from Nov 7-8 meeting show that almost all saw another 

rate hike "warranted fairly soon" and that further gradual hikes are 

in line with their dual mandate, but a couple officials saw the 

funds rate already near neutral levels and a few expressed doubts about 

the timing of future rate moves.

- Many said it may be necessary to alter the "further gradual increases" 

part of the statement at coming meetings to put a greater emphasis on 

the assessment of coming data and "help to convey the Committee's 

flexible approach in responding to changing economic circumstances."

- Noting that ffr had continued to rise, officials agreed on a 

contingency plan to make another technical adjustment in the IOER rate 

"before the December meeting if necessary to keep the federal funds rate 

well within the target range established by the FOMC."

- The minutes show much conversation about the positives and negatives 

of the floor and corridor operating frameworks, noting that reserve 

supply could fall sharply and the FOMC could still use the floor system, 

but also noting that if it was necessary to hold an excessive amount of 

reserves to keep the floor system, it could go back to the corridor.