Federal Reserve policy makers were split several ways over the right moment to start lifting rates at their latest meeting, with some advocating a move as soon as June while others suggested waiting until later this year or into 2016.
Minutes from the March 18 rate-setting meeting noted that “several” members of the Federal Open Market Committee expected a move to be merited in June given the improved economic outlook.
However, others expected falling energy prices and the higher dollar to keep inflation down, pushing them towards a first move later this year, and two members advocated waiting until 2016.
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