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The Economic Times
The Economic Times
Business

Fed Minutes: More officials warned of rate hike scenario

A majority of Federal Reserve officials warned the central bank would likely need to consider raising interest rates if inflation continued to run persistently above their 2% target.

In response to the same worries, "many" officials during last month's policy meeting called for the Fed to drop its easing bias and signal its next move could be an interest-rate increase, according to a record of the gathering.

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