MONETARY POLICY DELIBERATIONS AND THE VELOCITY OF MONEY (Originally from 2015)

(I think that the blog post below is from December 15, 2015.)

Tomorrow (Wednesday, December 16, 2015), the Federal Open Market Committee (FOMC) will announce whether or not it will increase its target for the federal funds rate. Regardless of the decision, will the FOMC have considered the plummeting velocity of money in the U.S. in recent years, especially plummeting M1 velocity, when making this decision?