Mumbai, May 21 -- Federal Reserve officials' concerns about inflation being stoked by the Iran war intensified in April. A majority of Fed policymakers at their April 28 to 29 meeting felt "some policy firming would likely become appropriate" if inflation stays persistently above the central bank's 2 per cent target, according to minutes of the meeting released yesterday..
"To address this possibility, many participants indicated that they would have preferred removing the language from the post-meeting statement that suggested an easing bias regarding the likely direction of the committee's future interest rate decisions," the minutes of the meeting said
Published by HT Digital Content Services with permission from Capital Market....