Fed Minutes Signal Renewed Worries About Inflation

Here's the headline in a very newsy set of minutes. Several participants indicated that they would have supported a two sided description of the committee's future interest rate decisions, reflecting the possibility that upward adjustments could be appropriate. The focus of the January meeting on inflation, largely rather than jobs and concern that bringing it down had stalled.Officials anticipated inflation would move down this year, but the pace and timing remained uncertain. The continuing rise in prices ...