FOMC minutes: Several participants saw further rate hikes appropriate in 2019

The minutes from the Federal Reserve’s January 29-30 monetary policy meeting have been published with key highlights, via Reuters, found below.

• Several participants said saw further rate hikes appropriate in 2019 if economy evolved as expected.
• Policymakers said the balance sheet normalization process should support the meeting of dual-mandate goals.
• A few participants said summary of economic projections (September) may not accurately convey committee's policy outlook.
• Almost all participants thought it desirable to announce before too long a plan to stop reducing the federal reserve’s asset holdings later this year.