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International Business Times
International Business Times
Business
AFP News

US Fed Divided On Risk Of Cutting Rates Too Soon: Minutes

Fed officials were divided over the risks of cutting interest rates too soon or too late, according to minutes of the most recent meeting (Credit: AFP)

The US Federal Reserve was divided in January over the risks of cutting interest rates too soon or too late, although most members voiced concern about moving early, according to minutes of the meeting published Wednesday.

At the January meeting, the Fed voted unanimously to hold interest rates at a 23-year high, keeping monetary policy tight in a bid to bring inflation down to its long-term target of two percent.

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