The Federal Reserve is likely to leave interest rates unchanged this year given ...
WASHINGTON - The Federal Reserve is likely to leave interest rates unchanged this year given risks to the U.S. economy from a global slowdown and uncertainty over trade policies and financial conditions, according to the minutes from its March 19-20 policy meeting.
“A majority of participants expected that the evolution of the economic outlook and risks to the outlook would likely warrant leaving the target range unchanged for the remainder of the year,” according to the minutes. Some policymakers said they might change their minds on whether the Fed’s next move should be to raise or lower rates.
The minutes noted that the discussion last month included concerns by several policymakers that the Fed’s quarterly Survey of Economic Projections has at times been misinterpreted by the public. Other policymakers said the projections were useful and Fed Chairman Jerome Powell asked a committee of central bankers to research how to improve use of the projections in the Fed’s communications.
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