With the collapse of Silicon Valley Bank coming not long before the Federal Reserve's latest monetary policy meeting, the minutes of the meeting revealed some debate about raising interest rates.
The minutes of the March 21-22 meeting, released Wednesday afternoon, showed some participants considered leaving rates unchanged to allow more time to assess the effects of the banking sector turmoil.
However, these participants also observed that actions taken by the Fed and other government agencies had helped calm conditions in the banking sector.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.