Economics
Fed Minutes Show Officials Unsure on Need for Rate Hikes in 2019
- Minutes explain dovish Fed turn in January as markets wobbled
- ‘It was not yet clear’ what rate moves needed this year
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Federal Reserve officials widely favored ending the runoff of the central bank’s balance sheet this year while expressing uncertainty over whether they would raise interest rates again in 2019, minutes of their January meeting showed.
“Almost all participants thought that it would be desirable to announce before too long a plan to stop reducing the Federal Reserve’s asset holdings later this year,” according to the record of the Federal Open Market Committee’s Jan. 29-30 gathering released Wednesday.