Fed minutes suggest rate hikes on table again amid inflation jitters

Fed policymakers said easing may not be warranted until there is a clear indication that the progress of disinflation is firmly back on track.

United States Federal Reserve policymakers discussed the possibility of interest rate increases last month, according to newly released comments from a January meeting.

The minutes of the Federal Open Market Committee meeting from late January were released on Wednesday, revealing that some policymakers were mulling a rate hike due to stubbornly high inflation. 

Several participants indicated that they would support “the possibility that upward adjustments to the target range for the federal funds rate could be appropriate if inflation remains at above-target levels,” the minutes stated. 

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