Minutes Show Federal Reserve Ready for Rate Hikes, Tightening

Minutes Show Federal Reserve Ready for Rate Hikes, Tightening
The Federal Reserve building is set against a blue sky in Washington on May 1, 2020. Kevin Lamarque/Reuters File Photo
Andrew Moran
Updated:
The Federal Reserve is ready to raise interest rates and shrink its nearly $9 trillion balance sheet, minutes from January’s Federal Open Market Committee (FOMC) meeting show.

Policymakers said the timing and pace of shrinking the balance sheet would be determined by the rate-setting committee’s dual mandate of full employment and price stability objectives.

Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
Related Topics