MW 'Various' Fed officials said they were willing to hike interest rates if needed, minutes show
By Greg Robb
'Many' officials wondered if rates were high enough to dampen demand
Federal Reserve officials indicated a willingness to raise interest rates again if inflation didn't cool off further, according to minutes of the April May meeting released Wednesday.
"Various participants mentioned a willingness to tighten policy further should risks to inflation materialize in a way that such an action became appropriate," the minutes said.
The Fed released a summary of their April 30-May 1 closed-door discussion three weeks after the meeting.