Fed minutes show core inflation as policy risk

Federal Reserve officials on the Federal Open Market Committee continued to view the current rates of core inflation as "uncomfortably high" at their meeting last month, according to minutes released Wednesday 11 April.

"The prevailing level of inflation remained uncomfortably high, and the latest information cast some doubt on whether core inflation was on the expected downward path," the Fed said, according to the minutes of the March 20-21 meeting, released Wednesday.

"Most participants

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