Rate hike could be appropriate if inflation were to remain above target levels, Fed minutes show

We just got the minutes of the Fed's March meeting just a few moments ago. Now remember these are about 3 weeks old at this point, but what the minutes reflected was a Fed that was keeping its rates steady for now while noting that the outlook was very uncertain and that war in the Middle East was impacting both sides of the Fed's dual mandate. So on rate policy, all but one member, that was Steven Myron, voted to keep rates unchanged, participants emphasized the importance of being nimble in their policy p ...