Fed policymakers could soon decrease the size of their interest rate hikes as they consider the lags of monetary policy and its effect on the economy.
agreed at their November meeting that smaller interest rate hikes are appropriate in coming months as they weigh the impact that tighter monetary policy is having on the broader U.S. economy.
Minutes from the U.S. central bank's Nov. 1-2 meeting released Wednesday show that policymakers anticipate downshifting the pace of rate increases soon, even though they see little signs of inflation abating. However, some committee members expressed concern about possible risks to the economy from higher rates and suggested a slower pace could allow them to assess progress on their goals. Others said they would like to wait before easing up on the pace of increases.
During the November meeting, the Fed's rate setting body raised the central bank's target rate by 75 basis points for the
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