The minutes followed a particularly harsh string of President Trump's attacks on the Federal Reserve.
The Federal Reserve saw its rate cut last month as an insurance policy, rather than the start of an easing cycle, according to minutes out Wednesday. The policy-setting Federal Open Market Committee lowered interest rates July 31 for the first time since the financial crisis. Concerns about the economy have risen since that meeting, with a key recession warning flashing for the first time since June 2007 last week. Visit Markets Insider for more stories.
The Federal Reserve saw its rate cut last month as an insurance policy, rather than the start of an easing cycle, according to minutes out Wednesday. The policy-setting Federal Open Market Committee lowered interest rates July 31 for the first time since the financial crisis. Concerns about the economy have risen since that meeting, with a key recession warning flashing for the first time since June 2007 last week. Visit Markets Insider for more stories.
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Fed Officials Viewed July Rate Cut as ‘Recalibration’ of PolicyFederal Reserve officials saw their move to cut interest rates last month as a “recalibration” rather than the start of a more aggressive easing cycle and were reluctant at their latest policy meeting to say how future moves would unfold.
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Fed’s Daly: July Rate Cut Was Right Move, Recession Not ImminentThe Fed was right to lower rates in July, as it sought to keep the economy on a path of growth, Federal Reserve Bank of San Francisco President Mary Daly said Tuesday.
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Fed members affirm 'mid-cycle adjustment,' see no 'pre-set course' for cuts, minutes showCNBC's Ylan Mui reports on the latest Federal Reserve meeting minutes. The minutes show that the board considers a rate cut as 'recalibration' and that trade policy has elavated uncertainty.
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Ron Insana: Fed chairman faces what may be a no-win testFederal Reserve Chairman Jerome Powell may face a no-win scenario on Friday when he speaks about Fed policy at the central bank's annual symposium in Jackson Hole, Wyo.
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Opinion | The Fed Has Too Much to DoFrom WSJopinion: The Fed already has more power than an independent government agency should. Allowing it to go forward with a payment system plan that unnecessarily competes with the private sector makes no sense, writes Peter J. Wallison.
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US Treasury yields tick higher as investors await Fed meeting minutesMarket focus is largely attuned to the Federal Reserve, with the U.S. central bank scheduled to publish its latest meeting minutes.
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