Fed discussed dropping its tilt towards rate cuts

US - The Federal Reserve considered "unconventional" actions at its January monetary policy meeting in case its anti-recession campaign did not work and discussed abandoning its official leaning towards cutting short-term interest rates, minutes released on Thursday by the Fed show.

Fed officials, faced with the fact that they had already driven short-term interest rates to a 40-year low, wondered what to do if the economy continued to deteriorate substantially. They considered other policy me