Mumbai, Dec. 31 -- Following a split decision to lower interest rates by another quarter point last month, the minutes of the Federal Reserve's December meeting provided further clarification about officials' mixed views about the outlook for rates.
The minutes revealed participants expressed a "range of views" about the restrictiveness of the Fed's current monetary policy stance.
Most participants judged that further rate cuts would likely be appropriate if inflation declined over time as expected, the Fed said.
However, the Fed noted some participants felt it would likely be appropriate to keep rates unchanged for "some time" following the quarter point rate cut at the December 9-10 meeting.
A few participants observed that leaving ra...