A ‘few’ Fed officials said there was a case for a rate hike in June, minutes from Warsh’s first meeting show
The Fed
A ‘few’ Fed officials said there was a case for a rate hike in June, minutes from Warsh’s first meeting show
A “few” Federal Reserve officials said there was a case for raising interest rates in June, according to minutes released Wednesday from the central bank’s meeting last month.
Support for a rate hike last month hadn’t been known previously. At the June meeting, Fed officials voted to keep interest rates unchanged. Supporters of rate hikes said that while they saw the case for raising rates, they supported maintaining the current rate target “at this meeting,” the minutes showed.
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