Fed Minutes Show ‘a Few’ Officials Saw Case for June Hike
The minutes, released three weeks after the June 16-17 meeting, also said that a few officials believed there was “a case for raising” the Fed’s rate at that…
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Summary
During a news conference June 17, Warsh emphasized that the Fed will return inflation to its 2% target, which it has missed for more than five years. Forecasts released after the meeting ended June 17 showed that half of the 18 policymakers who submitted projections supported lifting rates by the end of this year, while the other half supported keeping them unchanged, with one official supporting a cut. A few Federal Reserve officials in their most recent policy meeting said there was a case for raising interest rates, though they ultimately supported the decision to leave rates on hold.
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During a news conference June 17, Warsh emphasized that the Fed will return inflation to its 2% target, which it has missed for more than five years.
according to The IndependentForecasts released after the meeting ended June 17 showed that half of the 18 policymakers who submitted projections supported lifting rates by the end of this year, while the other half supported keeping them unchanged, with one official supporting a cut.
according to The IndependentA few Federal Reserve officials in their most recent policy meeting said there was a case for raising interest rates, though they ultimately supported the decision to leave rates on hold.
according to Bloomberg — Politics
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