Federal Reserve officials expect to keep interest rates at a restrictive level for "some time," according to the minutes of the central bank's latest monetary policy meeting.
The minutes of the October 31-November 1 meeting, released Tuesday afternoon, said participants agreed policy should remain restrictive until inflation is clearly moving down sustainably toward the Fed's 2 percent objective.
Following the recent series of interest rate hikes, participants also agreed to proceed carefully and take a data-dependent approach to future policy decisions.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.