Fed Minutes: Officials Split Widely on Rate Hike Timing

April 8, 2015 6:16 PM

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Fed officials disagreed widely last month on when they might begin lifting interest rates from record lows.

Minutes of the March 17-18 meeting reveal that several policymakers predicted a rate hike in June, while others concerned about low inflation didn't think a rate hike would be warranted until later this year. Still others said the economy wouldn't be strong enough for an increase until 2016.

Also read: U.S. economy creates 178,000 jobs in November; jobless rate drops to 4.6%

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