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Fed may raise key rate 'soon' www3.nhk.or.jp
Policymakers of the US Federal Reserve are in favor of raising the key interest rate soon, further fueling expectation that a rate hike will take place next month.
On Wednesday, The Fed released minutes of its Federal Open Market Committee meeting held in early May.
The committee members agreed that the US economic slowdown is only temporary. They say policies of President Donald Trump's administration pose significant uncertainty on the economy, but it would be appropriate to raise the rate soon if economic data moves in line with their projections. The Fed raised the interest rate in March.
Minutes of the meeting also showed that most members think that the Fed should start reducing its securities holdings this year.
Published Date:2017-05-25
