These Federal Open Market Committee Minutes are very surprising - market consensus is for a 2014/15 exit from Quantitative Easing but FOMC members comment:

QE is not working is the Rederal Reserve's main message in the minutes (higlights below in italics are mine):

"While almost all members thought that the asset purchase program begun in September had been effective and supportive of growth, they also generally saw that the benefits of ongoing purchases were uncertain and that the potential costs could rise as the size of the balance sheet increased. "


Furthermore:

Several others thought that it would probably be appropriate to slow or to stop purchases well before the end of 2013, citing concerns about financial stability or the size of the balance sheet. One member viewed any additional purchases as unwarranted.

- Saxo bank