US rate outlook may change `before long'

Federal Reserve policy makers discussed the need ``before long'' to alter their outlook for U.S. interest rates, with some FOMC members concerned about the risk of raising it too much, minutes of their 1 November meeting showed.

Some members of the rate-setting Federal Open Market Committee ``cautioned that risks of going too far with the tightening process'' may eventually emerge.

``Several aspects of the statement language would have to be changed before long, particularly those related to th