Fed Minutes Show Many Officials Wanted Rate Hike in July

Several Federal Reserve officials favored an interest-rate hike last month and many indicated that policy tightening would be necessary if inflation didn’t decline, a record of the central bank’s most recent policy debate showed. The next Fed decision comes in September. Bloomberg's Michael McKee reports. (Source: Bloomberg)

Fed officials express rising concern over persistently high inflation

Minutes from July central bank meeting show ‘many’ policymakers are prepared to increase borrowing costs

Fed Minutes Signal Interest Rate Hikes Unless Inflation Improves

Three central bank officials voted in favor of raising interest rates last month.

By Ty Roush, Forbes Staff