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Fed policymakers worried about slow global growth: minutes

Several Federal Reserve policymakers cautioned against an interest rate increase in AprilFederal Reserve policymakers were broadly worried about the threat of slower global growth to the US economy, the minutes from their March 15-16 meeting showed Wednesday. As they decided against an interest rate hike at that meeting, several also cautioned against an increase in April, saying it would signal a sense of urgency over US monetary conditions that “they did not think appropriate,” the minutes said. The minutes showed most of 17 participants in the Federal Open Market Committee (FOMC) policy review were comfortable with the pace of growth in the US economy, agreeing it will continue to expand at a moderate rate over the medium term with only a “gradual” tightening of monetary conditions.

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