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Fed Officials Debated Hiking Rates to Restrictive Territory

  • Policy makers broadly agreed to stay on path of gradual hiking
  • Comments published in minutes of Fed’s latest policy meeting
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Why Investors Are Taking the Fed Minutes in Stride
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Federal Reserve officials stepped deeper into a debate over how high to push interest rates, as a majority favored an eventual and temporary move above the level they deem neutral for the economy in the long run.

The clearest summary of policy makers’ views, unusually, appeared not in the minutes to the Sept. 25-26 policy meeting, which were released Wednesday in Washington, but in the accompanying notes to officials’ most recent economic projections.