Central Banks
Fed Minutes Show Officials Rally Around Higher-for-Longer Rates
- Many officials questioned if policy restrictive enough
- Diversity of views on the balance sheet cap decision
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Federal Reserve officials earlier this month coalesced around a desire to hold interest rates higher for longer and “many” questioned whether policy was restrictive enough to bring inflation down to their target.
Minutes from the two-day Federal Open Market Committee gathering ending May 1 showed that, while participants assessed that policy was “well positioned,” various officials mentioned a willingness to tighten policy further if warranted.