Fed: minutes show most bankers favour further rate cuts if inflation falls

Milan, 30 December (LaPresse) – The minutes of the Fed’s December meeting highlighted “the deep division within the 19-member policy committee over what constitutes the greatest threat to the economy: weak hiring or stubbornly high inflation. But if the biggest problem were still high inflation, then the Fed would keep rates high, or even raise them.” Most participants in the FOMC, the Fed’s operational arm, consider further rate cuts possible if inflation falls as expected.