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Fed officials see ‘restrictive’ policy staying in place until inflation eases, minutes show

Posted on AllSides October 11th, 2023
From The Center
Al Drago | Bloomberg | Getty Images

Federal Reserve officials at their September meeting differed on whether any additional interest rate increases would be needed, though the balance indicated that one more hike would be likely, minutes released Wednesday showed.

While there were conflicting opinions on the need for more policy tightening, there was unanimity on one point – that rates would need to stay elevated until policymakers are convinced inflation is heading back to 2%.

“A majority of participants judged that one more increase in the target federal funds rate at a future meeting would likely...

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