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Fed officials more upbeat about the economic outlook this year, minutes show

Thursday, 20 February 2020 02:35 WIB Fiskal & Moneter

Federal Reserve officials and the central bank’s staff said the U.S. economy seemed stronger in late January than they had expected, according to minutes of their late-January meeting released Wednesday. The risks to the outlook were more favorable than had appeared at their meeting in mid-December. There were concerns expressed during their discussions about the threat of the coronavirus outbreak in China, and also of tensions in the Middle East. The Fed staff’s projection for U.S. GDP growth was stronger at the January meeting than in the previous forecast. The staff also said that downside risks had diminished. There was also some optimism about the outlook for inflation, which has...

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