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Fed policymakers hint tensions on inflation, divided over debt holdings

Some wanted to reduce large portfolio of mortgage-backed securities by August, others want it later

Reuters  |  Washington 

Federal Reserve policymakers were increasingly split on the outlook for inflation and how it might affect the future pace of interest rate rises, according to the minutes of the Fed's last policy meeting on June 13-14 released on Wednesday. The details of the meeting, at which the US central bank voted to raise interest rates, also showed that several officials wanted to announce a start to the process of reducing the Fed's large portfolio of Treasury bonds and mortgage-backed securities by the end of August but others wanted to wait until later in the ...

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First Published: Thu, July 06 2017. 04:55 IST