Fed execs divided over rate cut risks

By Agence France-Presse

Feb 23, 2024 12:22 am

WASHINGTON, D.C.: The US Federal Reserve (Fed) was divided in January over the risks of cutting interest rates too soon or too late, although most members voiced concern about moving early, according to minutes of the meeting published Wednesday.

At the January meeting, the Fed voted unanimously to hold interest rates at a 23-year high, keeping monetary policy tight in a bid to bring inflation down to its long-term target of 2 percent.

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