( ) -q-22- UNDATED (Correspondent Jeremy House) “rate policies were.” Federal Reserve officials have concluded that it would take longer than they previously thought for inflation to cool enough to justify reducing their key interest rate, now at a 23-year high. [CutID: <Cuts> FED-MINUTES-house-q-THUam.mp3 Time: 22s Title: FED-MINUTES-house-q-THUam Out-cue: rate policies were] TAG: Correspondent Jeremy […]
Audio
Federal Reserve minutes: Policymakers saw a longer path to rate cuts
( ) -q-22- UNDATED (Correspondent Jeremy House) “rate policies were.”
Federal Reserve officials have concluded that it would take longer than they previously thought for inflation to cool enough to justify reducing their key interest rate, now at a 23-year high.
[CutID: <Cuts> FED-MINUTES-house-q-THUam.mp3
Time: 22s
Title: FED-MINUTES-house-q-THUam
Out-cue: rate policies were]
TAG: Correspondent Jeremy House reporting.
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VERBATIM: The conclusion came during a meeting earlier this month on the heels of several unexpectedly high inflation readings. Minutes of the meeting showed that officials also debated whether their benchmark rate was exerting enough of a drag on the economy to further slow inflation. Many officials noted that they were uncertain how restrictive the Fed’s rate policies are.