Federal Reserve's Stance Divided Over Interest Rates

The US economy has members of the Federal Reserve divided.
According to the minutes of the Federal Open Markets Committee’s April 28-29 meeting, committee members disagreed about the economic slowdown that followed a particularly harsh winter in the US.
While “a few” Fed officials believed that the US economy would be ready to raise rates in June, they were outnumbered by “many” Fed officials who viewed it as “unlikely” that the economic data would be strong enough to justify a hike next month.
The Fed has kept its key rate near zero since December 2008.



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