A surprise decision by the Federal Reserve last month to keep its monetary stimulus program followed six months of tense debate and helps explain why the U.S. central bank muddled its message to markets, according to a new article by the Wall Street Journal's noted Fed watcher Jon Hilsenrath.
Hilsenrath, citing several people close to the Fed's deliberations, wrote that a small group of Fed officials has privately been pushing Fed chief Ben Bernanke to plan an exit from the $85 billion-a-month asset-purchase program.
(Read more: The Fed's 'hidden agenda' behind money-printing)
And markets, which had been anticipating a scaling back of the monetary stimulus in September, were taken aback when signs of a weakness in the economy prompted the Fed to stay its hand.
The minutes of the Fed's September 17-18 meeting will be released this Wednesday and are likely to be watched closely for further insight into what prompted the Fed to delay a widely-anticipated tapering.