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Fed’s December Meeting

Fed’s December Meeting Minutes

Fed’s December Meeting Minutes Found Economy ‘Much Stronger, With Higher Inflation’

Minutes of the Federal Reserve’s December meeting, at which it signaled its intention to reduce monetary support and raise interest rates this year, show members found the economy “much stronger, with higher inflation” than in previous recoveries. Officials “also observed that the Federal Reserve’s balance sheet was much larger, both in dollar terms and relative to nominal gross domestic product,…