The Federal Reserve on Wednesday released the minutes of its June 16-17 monetary policy meeting, which marked Kevin Warsh’s first meeting as head of the central bank.
Amid considerable uncertainty surrounding the outlook for inflation, the minutes said participants discussed a range of scenarios for the evolution of the economy and for future monetary policy actions.
The Fed said most participants remarked on scenarios in which inflationary pressures would dissipate and inflation would soon begin to return to 2 percent.
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