WASHINGTON, D.C. — Members of the US Federal Reserve's rate-setting committee said last month that the bank's employment and inflation goals were moving into 'better balance,' with some calling for 'patience' on interest rate cuts, according to minutes of the meeting published Wednesday.
Fed officials said at the rate meeting on June 11 and 12 that they were moving 'toward better balance' between the two, according to the minutes of the meeting.'Some participants emphasized the need for patience in allowing the Committee's restrictive policy stance to restrain aggregate demand and further moderate inflation pressures,' the Fed's minutes show.
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