WASHINGTON —Officials with the Federal Reserve spoke with increased optimism about the economy at the December meeting of the Fed’s policy-making committee, according to a just-released account.
The discussion included talk of the strength of the most recent economic data, as well as improved consumer and business confidence, the growth of payrolls and other positives.
Fed officials also indicated they are anticipating a “quite large” boost for the broader economy from the ongoing fall in oil prices.
But as would be expected at a Fed meeting there were some concerns expressed, including weakness in the global economy and problems foreign governments are having in boosting those economies.
The comments released show Fed officials are determined to remain cautious and will continue to suppress interest rates. Most officials do not anticipate raising the Fed’s benchmark rate before the middle of the year. Interest-rate risk has been an ongoing concern of NCUA and other financial regulators.
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