Transcripts of their meetings released Wednesday showed that the Fed’s policymakers feared the precedents being set by providing billions of dollars of government aid to the nation’s largest banks.
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Yellen says Fed still ‘patient’ on raising rates
Federal Reserve Chair Janet Yellen said Tuesday that the Federal Reserve remains patient in deciding when to start raising interest rates because too many Americans remain unemployed, wage growth remains sluggish and inflation is running below the Fed's target.
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Read More »Fed officials in no hurry to raise rates
Federal Reserve officials struggled last month to assess when economic data might prompt them to raise interest rates from record lows — and how best to convey their intentions to investors.
Read More »Fed stays ‘patient’ on rate hike; notes ultra-low inflation
The Federal Reserve reiterated Wednesday that it will be “patient” in raising rates from record lows but noted that inflation remains well below its target rate.
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