Economics
Fed May Shed Clues on Debate Over Rate Cut: Minutes Preview
- Chairman Powell pledges patience, but markets want lower rates
- Inflation, balance sheet, asset prices likely were discussed
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Federal Reserve Chairman Jerome Powell has cautioned against the need for an interest-rate cut. A record of the U.S. central bank’s most recent meeting could reveal if policy makers in fact discussed that option.
Minutes of the Federal Open Market Committee’s April 30-May 1 gathering will be released at 2 p.m. Wednesday in Washington. Officials held rates steady at the meeting and maintained their pledge to be patient as they weigh future rate moves.