Economics
Fed Minutes Flag Chance of Earlier Hikes, Balance-Sheet Rundown
- Report offers more details on FOMC debate over inflation pivot
- Some officials favor ‘significant’ runoff of balance sheet
This article is for subscribers only.
Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.
Federal Reserve officials said a strengthening economy and higher inflation could lead to earlier and faster interest-rate increases than previously expected, with some policy makers also favoring starting to shrink the balance sheet soon after.