Fed debated April rate hike but caution reigned due to global fears: minutes

April 6, 2016 6:09 PM

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Fed debated April rate hike but caution reigned due to global fears: minutes

WASHINGTON Federal Reserve policymakers debated last month whether an interest rate hike would be needed in April though a consensus emerged that risks from a global economic slowdown warranted a cautious approach.

"Many participants expressed a view that the global economic and financial situation still posed appreciable downside risks,"

Also read: YELLEN: The Fed is close to its goals and expects to hike rates 'a few' times this year

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