Fed saw smaller hikes ahead to assess prior moves, minutes show

“Many participants remarked that, in view of the constantly changing nature of the economic environment and the existence of long and variable lags in monetary policy’s effect on the economy, there was also a risk that the committee could tighten the stance of policy by more than necessary to restore price stability,” the minutes showed.

from Stocks-Markets-Economic Times https://ift.tt/h4oNf0s