Fed officials plan more rate hikes, despite Trump’s criticisms

Published October 17, 2018 6:15pm ET



Federal Reserve officials are planning more interest rate hikes in the months ahead, despite attacks from President Trump, notes from the central bank’s most recent monetary policy meeting reveal.

According to the minutes released Wednesday, some members of the monetary policy committee judged economic output to be strong enough to raise concerns about the economy overheating, necessitating more increases in their target interest rate.

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