Fed officials saw rates on hold, with an eye on downside risk

MINUTES OF the Dec. 10-11 Federal Open Market Committee show officials said their monetary policy was likely to remain appropriate “for a time” despite potential risks. Above, Federal Reserve Chairman Jerome Powell. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER
MINUTES OF the Dec. 10-11 Federal Open Market Committee show officials said their monetary policy was likely to remain appropriate “for a time” despite potential risks. Above, Federal Reserve Chairman Jerome Powell. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER
WASHINGTON – Federal Reserve officials said their monetary policy was likely to remain appropriate “for a time” even amid what they saw as persistent downside risks. “Participants regarded the current stance of monetary policy as likely to remain appropriate” as long as incoming reports affirmed their outlook, minutes of the Dec. 10-11 Federal Open Market…

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