Most Fed Policymakers Say Rate Hike Likely Needed ‘Soon,’ Minutes Show

Most Fed Policymakers Say Rate Hike Likely Needed ‘Soon,’ Minutes Show
The Federal Reserve headquarters in Washington Sep.16, 2015. REUTERS/Kevin Lamarque/File Photo
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WASHINGTON—Most Federal Reserve policymakers thought it likely another interest rate increase would be warranted “soon” if the U.S. economic outlook remains intact, minutes of the central bank’s last policy meeting showed.

The readout of the meeting, released on Wednesday, also included a call by some policymakers to revise the Fed’s monetary policy statement soon to reflect that rates would be close or above long-run estimates before too long.