Fed minutes signal patience on rate moves for ‘some time’

FEDERAL RESERVE officials judged at their latest meeting that their patient approach to interest-rate changes would be appropriate “for some time.” /BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER
FEDERAL RESERVE officials judged at their latest meeting that their patient approach to interest-rate changes would be appropriate “for some time.” /BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER
NEW YORK – Federal Reserve officials judged at their latest meeting that their patient approach to interest-rate changes would be appropriate “for some time,” and many sided with Chairman Jerome Powell's view that the recent dip in inflation was probably temporary. “Members observed that a patient approach to determining future adjustments to the target range…

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