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Federal Reserve policymakers' divide widened over inflation at Sept meet

Many policymakers still felt that another rate increase this year 'was likely to be warranted,' the Fed said

Reuters  |  Washington 

Federal Reserve policymakers had a prolonged debate about the prospects of a pickup in inflation and slowing the path of future interest rate rises if it did not, according to the minutes of the U.S. central bank's last policy meeting on Sept. 19-20 released on Wednesday. The readout of the meeting, at which the Fed announced it would begin this month to reduce its large bond portfolio mostly amassed following the financial crisis and unanimously voted to hold rates steady, also showed that officials remained mostly sanguine about the economic impact of recent ...

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First Published: Thu, October 12 2017. 09:52 IST