Fed could raise rates faster than anticipated, minutes show

Janet Yellen's first FOMC meeting
FOMC December minutes show radically different picture for US economy
Federal Reserve

Minutes from the US Federal Reserve's latest monetary policy meeting showed many participants believed there "might" be the need to raise interest rates "more quickly than currently anticipated".

Published on January 4, the majority of the Federal Open Market Committee (FOMC) noted the risk had "increased somewhat" of a "sizeable" undershooting of the longer-run normal unemployment rate.

Quickening the pace of rate hikes would, the committee said, help to "limit the degree of undershooting and

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 [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

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 here: