Fed officials expressed caution about lowering rates too quickly at last meeting, minutes show

Federal Reserve officials discussed their stance on interest rates and inflation at their last meeting, as revealed in recently released minutes. The officials expressed cautious optimism about inflation but indicated that they were not in a hurry to cut interest rates. They stated that they would need greater confidence that inflation was moving sustainably toward 2% before considering rate cuts. The minutes also highlighted the officials’ concern about moving too quickly to ease policy and the uncertainty surrounding the outlook. The discussion about rate cuts and inflation took place amid an ongoing debate over the Fed’s balance sheet.