FMOC: Global Slowdown Considered Risk to Outlook
Bloomberg reported that Federal Reserve policy makers worried that slowing global growth and a stronger dollar posed risks to the U.S. economy as they decided to maintain a pledge to keep interest rates low for a “considerable time.”
Bloomberg said, according to minutes of the September 16-17 FOMC meeting, a number of officials said the U.S. expansion “might be slower than they expected if foreign economic growth came in weaker than anticipated.”
Bloomberg noted that the minutes highlight growing concern among policy makers who say further gains in the dollar could hurt exports and damp inflation, which has undershot the Fed’s goal for more than two years.
To read the Bloomberg report, click here.
To read the Federal Reserve minutes, click here.