Fed minutes show many saw a stronger rate-cut case

FEDERAL RESERVE policy makers said a near-term rate cut was warranted from a risk-management perspective because it could help cushion the effects of possible future adverse shocks to the economy at the Federal Open Market Committee. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER
FEDERAL RESERVE policy makers said a near-term rate cut was warranted from a risk-management perspective because it could help cushion the effects of possible future adverse shocks to the economy at the Federal Open Market Committee. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER
WASHINGTON – Federal Reserve officials judged uncertainties and downside risks to the outlook for the United States economy had increased significantly when they gathered in June, strengthening the case for an interest-rate cut. “Many judged additional monetary policy accommodation would be warranted in the near term should these recent developments prove to be sustained and…

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