Two Regional Fed Boards Sought to Hold Discount Rate in July
- Atlanta, New York directors favored maintaining rate
- Requests shed light on underlying division seen in Fed minutes
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Directors at two of the Federal Reserve’s 12 regional banks sought to hold the discount rate unchanged in July, while the other outposts favored the decision to raise it by 25 basis points.
Minutes of discount-rate meetings released by the Fed Tuesday showed that directors at the New York and Atlanta boards supported a hold.