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WASHINGTON.- Members of the US Fed discussed the question of whether there is a recession and have worried about the impact of trade tensions on an economy that seems solid. minutes of the last monetary policy meeting published this Thursday.
The last meeting of the Federal Reserve Committee of the Federal Reserve was held on June 12th and 13th.
The minutes of the meeting, in which officials decided to raise interest rates for the second time this year, also suggested that the authorities could soon report that the rising cycle of reference rate had progressed sufficiently. Federal Reserve officials have reaffirmed their willingness to gradually raise the benchmark interest rate, due to growing risks of commercial battles and turmoil in emerging markets that could hamper fiscal policy.
The minutes also highlighted a debate among lawmakers on the number of additional rate increases that would be required to maintain the stability of the economy in the long run. A "number" of officials said that it might "soon be appropriate" to change the wording of the post-Fed meeting statement that describes the fees as "accommodating," according to the minutes.
"Participants generally felt that since the economy is already very strong and inflation is expected to remain at 2% on a medium-term basis, it is probably appropriate to continue to increase progressively the target range of the federal funds rate to an environment that was equal to or greater than their estimates of their longest running level in 2019 or 2020, "noted the minutes.
With information from Reuters and Bloomberg.
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