WASHINGTON A solid core of Federal Reserve officials rallied behind a possible December rate hike at the central bank's last policy meeting, but central bankers also debated evidence the U.S. economy's long-term potential may have permanently shifted lower.
After a summer and early fall that saw the Fed rattled by U.S. market volatility and a sell-off in China, "most" participants felt conditions for a rate hike "could well be met by the time of the next meeting," minutes of the Fed's Oct. 27-28 meeting released on Wednesday said.
10:17 Afghan president says Taliban wouldn't last a month without Pakistan support15
16:32 Employers added solid 178,000 jobs in Nov12
14:36 U.S. economy added 178,000 jobs in November; unemployment rate dropped to 4.6 percent16
13:41 Solid Job Growth Strengthens Prospect for a Fed Rate Increase12