Fed could raise rates faster than anticipated, minutes show
Prospect of undershooting longer-run employment target has increased, FOMC reports
Minutes from the US Federal Reserve's latest monetary policy meeting showed many participants believed there "might" be the need to raise interest rates "more quickly than currently anticipated".
Published on January 4, the majority of the Federal Open Market Committee (FOMC) noted the risk had "increased somewhat" of a "sizeable" undershooting of the longer-run normal unemployment rate.
Quickening the pace of rate hikes would, the committee said, help to "limit the degree of undershooting and
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