FOMC minutes of Jan 2003 meeting

The Federal Reserve on 20 March released the minutes of its FOMC meeting of 28-29 January. The minutes show difficulties predicting how the wobbly U.S. economy would hold up during a war with Iraq troubled Federal Reserve policy-makers at their meeting in January and led to the decision to hold interest rates at a 41-year low. "The committee could not rule out a range of plausible economic outcomes, including the possibility of a persisting subpar economic performance or a much stronger-than-

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