Interest Rate Meeting Minutes Underpin Fed’s Belief That Job Market ‘Remains Strong’

The Fed highlighted 'solid' job gains, low unemployment, and high consumer confidence

U.S. Federal Reserve Board Chairman Jerome Powell speaks during a news conference in Washington on Dec. 19, 2018. Mark Wilson/Getty Images

The Federal Reserve released on Wednesday the minutes of its latest interest rate-setting meeting, which reinforce the Fed’s belief in the strength of America’s labor market.

The minutes of the Federal Open Market Committee (FOMC) Jan. 28-29 meeting show officials confident in the robustness of the U.S. labor market, citing “solid job gains” and low unemployment in support of this conviction.