FOMC members concerned over US inflation, minutes show

Some committee members sought to maintain pace of Fed’s balance sheet selloff

Federal Reserve

Various Federal Open Market Committee participants expressed willingness to tighten US monetary policy further, the minutes of the May meeting showed.

“Many participants commented on their uncertainty about the degree of restrictiveness” of monetary policy, the minutes said. Those participants said higher interest rates might be having less effect than historically observed. The participants discussed holding rates longer should inflation prove stickier than anticipated.

The Fed decided to slow

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account