Federal Reserve meeting minutes: Policymakers focused on the dual risks of war with Iran, and more officials mentioned the possibility of interest rate hikes.
CoinFeed reported on April 9th that, according to Jinshi, Federal Reserve officials weighed different scenarios facing the US economy following the outbreak of the war with Iran, including scenarios requiring interest rate cuts and scenarios that might require rate hikes. The minutes of the March FOMC meeting released Wednesday showed that most officials were concerned that the war could impact the labor market, thus necessitating lower interest rates. At the same time, many officials also emphasized the risks of inflation, which could ultimately require a rate hike. The minutes showed that an increasing number of officials recommended including relevant wording in the post-meeting statement, mentioning the possibility of a rate hike under certain conditions. The minutes stated: "Some participants believed that there were sufficient reasons to include a two-way description of future interest rate decisions in the post-meeting statement to reflect that raising the target range for the interest rate might be appropriate if inflation persists above the target level."